topic My 1099-B has Federal Income Tax Withheld. Where do I list it? in Retirement tax questions

My 1099-B has Federal Income Tax Withheld. Where do I list it?

ghatch1 — Thu, 06 Jun 2019 14:13:51 GMT

This was a conversion from one stock symbol to another.

You will receive a 1099-B(Proceeds From Broker and Barter...

Patrice — Thu, 06 Jun 2019 14:13:53 GMT

You will receive a 1099-B(Proceeds From Broker and Barter Exchange Transactions) if you sold any stocks this year. You will input the information on your 1099-B into the system which will create Form 8949 for the IRS.

They are not the same thing, but they are complements of each other(If you receive a 1099-B you file Form 8949).

You can select this link for more information: When to Use IRS Form 8949 for Stock Sales

To enter Form 1099-B:

1. Go to "Federal Taxes"

2. Choose "Wages and Income"

3. Select "I'll choose what I work on"

4. Scroll down to "Investment Income", select "show more"

5. Select "Stocks, Mutual Funds, Bonds, Other"

6. When asked "Did you sell any investments in 2016?", answer "Yes"

7.Continue through the interview questions until you arrive at the screen that says "Let Us Enter Your 1099-B"

8. After entering the information from your 1099-B, Click on "I'll enter additional info on my own" (see attached screenshot)

9. On the next screen you will be able to enter Box 4 Federal tax withheld

Re: You will receive a 1099-B(Proceeds From Broker and Barter...

feather halo — Fri, 23 Apr 2021 18:40:36 GMT

I received a 1099B and federal in come tax was withheld. Where do I enter this information?

Re: My 1099-B has Federal Income Tax Withheld. Where do I list it?

ColeenD3 — Sat, 24 Apr 2021 22:07:07 GMT

You need to click "I have other boxes on my 1099-B to enter" to have the box appear to enter your withholding.

Re: My 1099-B has Federal Income Tax Withheld. Where do I list it?

RKS3 — Wed, 13 Apr 2022 18:39:31 GMT

I don't see a way to do that (enter Federal Withholding on 1099 B) for my 2021 return. Can someone help?

Re: My 1099-B has Federal Income Tax Withheld. Where do I list it?

JohnW152 — Wed, 13 Apr 2022 18:59:28 GMT

To enter withholding from your Form 1099-B:

Enter form 1099-b in the TurboTax search box
Select Jump to form 1099-b
Scroll down the Your investments and savings page until you reach the relevant Form 1099-B, then select the dropdown to the right
Select Edit at the bottom of the 1099-B data
Select the pencil (Edit) to the right of the 1099-B
Scroll down the Now, enter one sale on your XXXX 1099‑B page until you see I have other boxes on my 1099-B to enter, and select the check box next to it
Fields will generate below, allowing you to enter more information, including withholding
Complete all relevant information on the screen, and select Continue

@RKS3

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Re: My 1099-B has Federal Income Tax Withheld. Where do I list it?

bakerv — Sat, 18 Mar 2023 18:46:37 GMT

I reviewed the various responses. They'll only work if you enter one sale at a time. If you enter a summary for each category, the option to add more lines isn't there. To get around this, I checked "I'll enter one sale at a time." Then I entered the info as if I were using the summary of sales category option. For date sold, I entered 12/31/YYYY; for date acquired, 'various.' The end results were the same as if I had used the summary screen, except it included the amount of taxes withheld.

Re: My 1099-B has Federal Income Tax Withheld. Where do I list it?

PattiF — Sat, 18 Mar 2023 19:36:11 GMT

You can enter the federal tax withheld in the estimated tax section.

If you made estimated or quarterly tax payments in 2022 toward your federal, state, or local taxes, enter them in the Estimates and Other Income Taxes Paid section.

Open or continue your return
Go to the Federal section, then Deductions & Credits
- You can also search for estimated tax payments and select the Jump to in the search results
Select Estimates and Other Taxes Paid

@bakerv

Re: My 1099-B has Federal Income Tax Withheld. Where do I list it?

lnero — Fri, 04 Apr 2025 01:13:42 GMT

That worked except I actually entered one trade at a time. Thanks much.