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SamV
Level 1

Why a 1099B?

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?

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1 Best answer

Accepted Solutions
HelenC12
Expert Alumni

Why a 1099B?

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. 

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2 Replies
HelenC12
Expert Alumni

Why a 1099B?

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. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
SamV
Level 1

Why a 1099B?

Thank you! That helped. Form is deleted, my tax process is complete

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