How do I file for brokerage loss listed on Form 1099-B?

2003holcombe — Thu, 06 Jun 2019 13:20:07 GMT

You will simply enter the transactions under investment i...

AnthonyC — Thu, 06 Jun 2019 13:20:09 GMT

You will simply enter the transactions under investment income. Turbotax will automatically calculate the loss based on the information provided on the Form 1099-B and will allow you to offset any capital gains or take a capital loss up to the limits and carryover the rest.

To enter these transactions, make sure you are logged into your account and click Take Me to My Return first. You can then search for "1099B" in the search box in the upper right-hand corner (look for the magnifying glass). Click the "jump to 1099B link" and this will take you directly to the area of the program where you will enter investment (stock) sales.

You can also find this area of the program using the step by step method -

Log into your account
Hit Take Me My Return
Click Federal Taxes
Select Wages and Income
You may need to click "Check for More" or "Show More" to get the full list of income topics
Scroll down and select Investment Income
Click edit next to Stocks, Mutual Funds, Bonds and Others
Proceed through the following prompts to enter your investment sales

Note: It shows you are currently using TurboTax Deluxe Online, you will need to upgrade to at least TurboTax Premier Online version to enter investment transactions.

Re: How do I file for brokerage loss listed on Form 1099-B?

dtaylor1 — Wed, 08 Jul 2020 00:10:22 GMT

How do I fill out the 1099-B for stock sales and purchases?

topic How do I file for brokerage loss listed on Form 1099-B? in Investors & landlords

How do I file for brokerage loss listed on Form 1099-B?

You will simply enter the transactions under investment i...

Re: How do I file for brokerage loss listed on Form 1099-B?