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Level 6
Feb 14, 2024 11:58 PM UTC
Question

1099 B how to enter total

How do I enter total reportable amounts box 1D and Box 1E if they include both short term covered securities, short term non covered securities, long term covered securities and long term non covered securities?  Doesn't TT ask you to break out each sale type?  So there are 4 types but box 1D and box 1E is the sum of everything.  Not sure how that works.

    3 replies

    Alumni - Intuit
    Feb 15, 2024 1:27 AM UTC

    You need to break out the sales by group (short term covered, long term non-covered, etc...) and make an investment sale entry for each sales section. You will see an option for this when you choose how to enter your sales. TurboTax will assign the correct box number identifying each group by the description chosen. When you are finished, the total of all entries should agree to the sales section totals and grand total as listed on your Form 1099-B. When you enter an investment sale, you will be asked to enter the sales section, that is where you choose the description for the group you are entering. 

     

     

     

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    jyeh74Author
    Level 6
    Feb 15, 2024 1:47 AM UTC

    They also have the import feature.  But not sure if that is accurate or better to manually add.

     

    On the supplement document, how can there be an "adjusted loss"?  On the RSUs, it shows total proceeds $100 and adjusted cost basis $110 so adjusted loss is -$10.  How can the adjusted cost basis be greater than the total proceeds?