What is a 1099 consolidated tax statement? - Intuit Turbo Real Money Talk

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What is a 1099 consolidated tax statement?

A 1099 consolidated tax statement combines 5 forms – 1099-INT, 1099-DIV, 1099-OID, 1099-B, and 1099-MISC – into a single, multi-page document.

If you have a brokerage account, you should get a consolidated tax statement from your broker in February. It's not uncommon to get a second, corrected statement in late February or March.

There is no single screen in TurboTax where you enter a consolidated statement. Rather, enter each 1099 form on its own dedicated screen, but only if it contains non-zero amounts.

For example, if you see dollar amounts in Form 1099-B on your statement but the other four 1099 variations only contain zero-dollar amounts, only enter the 1099-B in TurboTax.

The quickest way to get to a particular 1099 entry screen is to search for the form inside TurboTax (in the example above, you'd search for 1099-B) and then select the "Jump-to" link or the go-to button.

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