3 questions filling out the form

[mrsbling]

1. My husband passed away in May of 2020 so he was not entitled to the 2nd stimulus ($600.00). He did not get it but Turbotax is applying a $600.00 credit. I can't remove it. HELP!   

2. I am having problems entering in 3 stocks I sold in 2020. I need someone to walk me thru it so I know I am reporting the sales accurately. These were joint owner stocks owned for years  that had to be put in my name before I could sell them. HELP!

3. When doing the review in Turbotax it said I am getting a W2C (?) for for Social security because we filed for something in 2019 or 2020. I have no idea what this is. HELP!

[PattiF]

I am sorry for the loss of your husband.

1. According to the IRS, your husband is eligible for the second stimulus payment. The following is from the IRS.

2. I'm assuming that you received a 1099-B to report the sale of stocks. Here is how to manually enter the information on the Form 1099-B.

Go to the Personal Income section

• Then Investment Income and Stocks, Mutual Funds, Bonds, Other and click Start
• Did you get a 1099-B or a brokerage statement for these sales? Select Yes
• Choose I'll type it in myself at the bottom of the next page and then Continue
• Enter the bank or brokerage on the next page, and the Continue
• Choose I'll enter one sale at a time

1. Description - Enter the number of shares of XYZ stock
2. Date of Acquisition - When it was purchased
3. Date of sale or exchange - When it was sold
4. Sales price of stocks, bonds, etc. - sale price or proceeds
5. Cost or other basis - How much was paid for the stock which should be on 1099-B
6. Sale Category -  Shown on 1099-B above the stock sales, will say with Box "A or whichever box " checked.
7. If the cost basis or date acquired is not shown because of how long the stocks have been held, you should ask for more guidance on this

3.  Did you have any income that was reported on a W-2 for the year? You would receive this if form if your employer was delaying the payment of your social security taxes. If you were having the payment delayed, then they will have to be repaid in 2021 and you will be receiving a W-2c.

The W-2c popping up lets you know that you may need a W-2c. This does not stop you from filing a return as it is just a general notice. These are very occasionally popping up in instances where they weren't warranted. 

{Edited 02:29 PM PST}

[mrsbling]

Thank you very much. This was very helpful!