1099B

Forum|Forum|2 years ago
March 6, 2024
2 replies
6 views

I did just fine with entering Turbo Tax until I realized i have 1099B and I could not find any way to enter them.

please advise how I enter sale of Stocks

VolvoGirl

Level 15

You can enter a 1099B manually or try to import it. If you import it be sure to check it over close and make sure the cost basis got imported and is right. How to import your 1099

https://ttlc.intuit.com/community/entering-importing/help/how-do-i-import-my-1099/00/26254

You need to use the Online Premium version to enter a 1099B for sales. Or any of the Desktop programs. All the Desktop programs have the same forms. You just get more help and guidance in the higher versions.

Enter a 1099B under

Federal Taxes Tab or Personal (Home & Business)

Wages & Income

Then scroll down to Investment Income,

Then Stocks, Mutual Funds, Bonds, Other - click Start or Update

If you have a sale for shares that you bought at different times you can put various for the date purchased. But you should split the sale into 2 sales for short term and long term lots. So if you bought any shares or reinvested dividends within a year of the sale they would be short term.