New requirement in 2020 to upload 1099-B: How to generate form 1099-B for foreign stock sale (the foreign institution does not generate or send this form to IRS)?

To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.

• Click on Federal Taxes (Personal using Home and Business)
• Click on Wages and Income (Personal Income using Home and Business)
• Click on I'll choose what I work on (if shown)
• Under Investment Income
• On Stocks, Mutual Funds, Bonds, Other, click the start or update button

Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales

 

On the screen Did you sell stocks, mutual funds, bonds, or other investments in 2020? click on Yes

 

On the screen OK, what type of investments did you sell? click on Other and then on Continue

 

Continue past the screen Tell us more about this sale

 

On the screen Now we’ll walk you through entering your sale details, select the type of investment sold in the dropdown on What type of investment did you sell?

 

Continue with this section until it completes.

Hi, thanks for your quick reply. I was looking for something specific that changed in 2020. I have been entering the sales online on TT for years. However, in 2020, TT has instructed that IRS requires a PDF copy of the 1099-B. Since this is a foreign firm that does not generate the form, I have to do it myself. I was looking for advice on the easiest way to do this. There are dozens of transactions and it would be tedious to fill in a paper form for each.