Why a 1099B?

Forum|Forum|5 years ago
February 25, 2021
2 replies
10 views

TT continues to ask that I enter amounts for a 1099B. My Mother is a senior on a small pension and social security. Pretty simple and straight forward. No sales of stock, real estate or other income for all of 2020. She did not receive a 1099B for any of her income, only 1099R and 1099INT. We didn't need one for 2019. The program continues to ask me to address the incomplete form for which I have no entries. Anyone have any suggestions?

Best answer by HelenC12

Delete the 1099-B form from her return. If you imported your mother's 1099-R form, perhaps there was a blank 1099-B form that transferred over. Or, a 1099-B form was inadvertently generated.

If you're using TurboTax Online software and need to delete a form, click here.
If you're using TurboTax CD\Download software and need to delete a form, click here.

Additional information: Social Security may be partially taxable depending on the amount of your mother's other income during the year. If it's your mother's only source of income it's probably not taxable.

HelenC12Answer

Level 15

Delete the 1099-B form from her return. If you imported your mother's 1099-R form, perhaps there was a blank 1099-B form that transferred over. Or, a 1099-B form was inadvertently generated.

If you're using TurboTax Online software and need to delete a form, click here.
If you're using TurboTax CD\Download software and need to delete a form, click here.

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