topic If I have a realized loss on my 1099 how do i get TurboTax to include that in Retirement tax questions

If I have a realized loss on my 1099 how do i get TurboTax to include that

jamiebp — Fri, 13 Feb 2026 15:23:23 GMT

Re: If I have a realized loss on my 1099 how do i get TurboTax to include that

rjs — Fri, 13 Feb 2026 16:32:46 GMT

What kind of 1099 do you have? There are over 20 different kinds. There is no plain Form 1099. All 1099 forms have one or more letters after the 1099. The most common are 1099-INT, 1099-DIV, 1099-B, 1099-NEC, 1099-R, and 1099-G.

If you are talking about a 1099-B, the form reports a sale on which you have a loss. You enter the sale under Investment Income > Stocks, Cryptocurrency, Mutual Funds, Bonds, Other." You enter the details of the sale, including the proceeds and basis. TurboTax will calculate the loss and include it in your tax return.

Re: If I have a realized loss on my 1099 how do i get TurboTax to include that

jamiebp — Fri, 13 Feb 2026 20:41:11 GMT

Schwab sent a 1099-composite but it is not a loss due to sale, its a loss due to bankruptcy of an individual stock. The page is titles Realized Gain ( or Loss) and there is a note next to the amount that says (Transactions are not reported on From 1099-B or to the IRS).

Re: If I have a realized loss on my 1099 how do i get TurboTax to include that

rjs — Fri, 13 Feb 2026 21:11:04 GMT

Enter it as if you did get a 1099-B. On the screen where you enter the details of the sale it asks you to select a "Sales section." Select "Short-term did not receive 1099-B form" or "Long-term did not receive 1099-B form" as appropriate. For the proceeds enter zero and for the basis enter the amount of the loss (as a positive number).