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Does anyone know where Box A and Box B are located on these 1099?

I have multiple 1099 of these but as the Turbo Tax analyzes this, it is asking me for 

 
Short-term- Box A
Short-term - Box B
 
It is asking for the sales proceeds and cost basis for each of these. The other papers not pictured is just the stocks bought and sold that totals up to these.

 

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2 Replies

Does anyone know where Box A and Box B are located on these 1099?

Karis_F
Employee Tax Expert

Does anyone know where Box A and Box B are located on these 1099?

The screenshot you provided is a Form 1099 Composite. This form includes several different areas, which are entered as separate forms in TurboTax in Wages & Income>Investments and Savings

 

The forms shown on the 1099 Composite you provided are:

 

  • 1099-DIV (dividend income)
  • 1099-INT (interest income)
  • 1099-MISC (miscellaneous income)
  • 1099-B (Proceeds from broker and barter exchange transactions)

Short-term Box A is for covered transactions (basis reported to IRS)

Short-term Box B is for noncovered transactions (basis not reported to IRS)

 

You can find these totals on Form 1099 Composite in the Tax Summary/ Summary of Sale Proceeds.

 

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