☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 3
posted Dec 22, 2020 7:04:38 AM

Does Turbotax 2020 Delux has 1099-B form?

Last year (2019), I could not enter 1099-B form into the Delux edition. 

Do you know if this year, 2020, the Delux allows entering 1099-B form?

0 5 4369
5 Replies
Level 15
Dec 22, 2020 7:08:49 AM

The TurboTax Deluxe

online

edition does not support investments reported on a Form 1099-B.  The Premier online edition must be used - https://turbotax.intuit.com/personal-taxes/online/

 

The TurboTax Deluxe

desktop

CD/Download edition which has to be installed on a personal computer does support entry of an investment sale reported on a Form 1099-B.  As do all of the desktop editions.  All of the desktop editions include the same forms, schedules and worksheets - https://turbotax.intuit.com/personal-taxes/cd-download/

Level 3
Dec 22, 2020 7:12:48 AM

Thank you for your reply.

I only use the desktop CD-edition of the TurboTax.  Last year, TurboTax Delux didn't allow me to enter the 1099-B form.  And I had to buy the Premium edition.   Perhaps they have changed this but I want to be sure if this year, 2020, I need to buy Premium or Delux.

Level 15
Dec 22, 2020 7:35:49 AM

@Dmitry  wrote:

Thank you for your reply.

I only use the desktop CD-edition of the TurboTax.  Last year, TurboTax Delux didn't allow me to enter the 1099-B form.  And I had to buy the Premium edition.   Perhaps they have changed this but I want to be sure if this year, 2020, I need to buy Premium or Delux.

The 2019 TurboTax Deluxe desktop edition did support investment sales from a 1099-B.  The procedure to enter the 1099-B in the 2019 software is exactly the same as for the 2020 software.

 

To enter an investment sale from a brokerage account (1099-B), follow the steps below.

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Under Investment Income
  • On Stocks, Mutual Funds, Bonds, Other, click the start or update button

 

Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales

Level 3
Dec 22, 2020 7:39:41 AM

Thank you for your answer.  I will save the steps you listed and follow them when doing the 2020 tax.

Level 15
Dec 23, 2020 7:59:33 AM

Deluxe cd/download will do anything Premier does. you just pay more for Premier.