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Bank or Brokerage 1099 B

I understand 1099-B forms (proceeds from sale of stock), for many firms, are often not deliverable till mid-February.  Also, I understand, if proceeds are less than $10 dollars, a 1099-B form may sometimes not be generated. 

 

I liquidated my position in Nokia.  Please don't laugh - I had one share that was sold for a gross amount of $3.95 and it represented a loss of a few dollars.   I would like to manually enter this sale to TurboTax  and am not sure what name to use for "bank or brokerage".  I access this account via Computershare and understand that Computershare is not a brokerage, but a transfer agent.  Is it permissible and allowable to use the name of "Nokia" in the field for name of bank or brokerage?

 

 

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rjs
Level 15
Level 15

Bank or Brokerage 1099 B

It doesn't matter what you enter for "bank or brokerage." It doesn't go on your tax return. TurboTax just uses it internally to keep track of groups of transactions. As a reminder to yourself you could enter "Computershare."

 

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2 Replies
rjs
Level 15
Level 15

Bank or Brokerage 1099 B

It doesn't matter what you enter for "bank or brokerage." It doesn't go on your tax return. TurboTax just uses it internally to keep track of groups of transactions. As a reminder to yourself you could enter "Computershare."

 

Bank or Brokerage 1099 B

Thank you, much appreciated. 

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