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klevenms
New Member

Form 1099-B

I just received a Form 1099-B for Gross Proceeds.  The boxes do not match the ones currently in TurboTax for this Form.  When will this be updated?

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1 Reply
JohnW152
Employee Tax Expert

Form 1099-B

If you're referring to the Gross proceeds checkbox on Form 1099-B, no updates to the TurboTax program are needed.

 

The Gross proceeds checkbox in Box 6 of Form 1099-B indicates to the IRS that the amount reported in box 1d reflects gross proceeds of a sale, as opposed to net proceeds.

 

Although the box's entry is reported to the IRS, the TurboTax program doesn't need it to make any computations, so it isn't included on the entry screen.

 

If this isn't the issue you're referring to, feel free to post back, indicating the boxes that don't appear to match.

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