topic Entering a loss on a 1099-b it keeps telling me to review it in Get your taxes done using TurboTax

Entering a loss on a 1099-b it keeps telling me to review it

ryano_111 — Mon, 09 Mar 2026 06:12:16 GMT

i put some money into an account to be traded with using algos
it didnt go well made them stop and took a loss the 1099-b they sent me only has numbers in box 8 , 9 and 11 when i enter this in turbotax it only asks for box 1d and 1e so i selected i need to adjust my total cost basis and put the loss amount or box 11 in that field
example ($-3000 ) but it keeps asking me to review what am i doing wrong

Re: Entering a loss on a 1099-b it keeps telling me to review it

FangxiaL — Sat, 12 Feb 2022 22:12:29 GMT

When Form1099-B contains amounts in Boxes 8-11, the statement is from a Regulated Futures Contracts Broker, Foreign Currency Contrat Broker, or Section 1256 Option Contracts Broker. Gain (or Losses) from these transaction types are reported on Form 6781 based on the contract type.

To enter box 11 amount on Form 1099-B, follow these steps:

With your federal tax return open:

In the search box, type contracts and straddles, hit the Enter key
Continue to complete the prompts on each screen.
On the screen that says Section 1256 Contracts, enter the losses in the box 11 - Total Losses

[Edited on 2/12/2022| 2:11 PM, PST]

Re: Entering a loss on a 1099-b it keeps telling me to review it

ryano_111 — Sat, 12 Feb 2022 21:21:38 GMT

Won't that make it a positive number then making it a gain ?

Re: Entering a loss on a 1099-b it keeps telling me to review it

ryano_111 — Fri, 18 Feb 2022 21:02:00 GMT

Does doing this online vs software make. Difference

You talking the search bar at the top or after I select add investment

Re: Entering a loss on a 1099-b it keeps telling me to review it

RobertB4444 — Tue, 22 Feb 2022 23:26:30 GMT

Both the online and desktop software have a search box at the top right. Enter it there.