turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Good-Golden
Returning Member

enter a stock sale with 1099-B 1f and 1g in TT Business

Using TT Business (Windows), I have a stock sale with both 1099-B 1f and 1g amounts.  I entered the stock sale as Summary Entry (Asset Sale Summary Information) because the brokerage 1099-B does not provide data required in Single Entry (date acquired, date sold, sales price, sales expense).  Asset Sale Summary Information page only allows one adjustment and one code.  How does one enter both 1f and 1g amounts?

 

Thank you very very much for your help!

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
PatriciaV
Employee Tax Expert

enter a stock sale with 1099-B 1f and 1g in TT Business

Since the information from Form 1099-DIV is reported on Form 8949 on multiple lines and summarized on Schedule D, you can make two summary entries, one for the transactions with 1f amounts and the other for 1g. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Good-Golden
Returning Member

enter a stock sale with 1099-B 1f and 1g in TT Business

Do you mean, in TT Business, I enter the asset in the Asset Sale Summary Information twice -- one entry for the transaction 1f and another same asset entry for 1g?  Would this not result in double counting that one asset?

Thank you, thank you for your assistance.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question