1099B has sales of both purchased and inherited on the same line.

[cbreinhart]

Can only select inherited or purchased not some of each.  How do I enter this in TurboTax?  Screen says info entered should match 1099B.  

[DianeW777 · Accepted solution]

You must enter the purchased sales as one entry, then the inherited sales as a separate entry even if they are combined on the same 1099-B.

Do not import, choose to enter yourself.

• How do I enter my 1099-B?  (For the portion that was purchased only)

To enter inherited sales:

Sign into your TurboTax account, then follow the steps below.

1. Select Wages and Income > Search (upper right magnifier) > Type 1099b > Use the Jump to... Link
2. Scroll to Stocks, Mutual Funds, Bonds, Other > or Add Investments > Enter a different way 
3. Select Stocks, Bonds, Mutual Funds > Continue until you choose to enter one-by-one
4. Select under Sales Selection Long term no basis reported to IRS
5. Select the type of investment you sold > Select 'I inherited it' under How did you receive this investment?
6. Now you can follow the screen image provided with the additional details next:
   • Your cost basis for the inherited shares is the fair market value (FMV) on the date of death of person you inherited this asset from
   • Select the check box beside 'The cost basis is incorrect or missing on my 1099-B'
7. On the next screen you can choose None of these apply > Select I don't want to make any changes to my cost basis right now
8. Continue through the rest of the screens.