Form 8949

[craigwrobbins]

My 2025 year-end summary statement from Charles Schwab indicates that some of my sales should be entered on Part I with Box C checked or Part II with Box F checked. Turbo Tax step-by-step is not offering these options. When I go to forms, I can see these options on the 8949 but the form is locked at won't let me mark them. What should I do?

[ReneV4]

The reason those sections are locked is that, when using the step-by-step interview, your answers will determine how the sections are handled.

Because Boxes C and F mean that a transaction was not reported to the IRS on a Form 1099-B, the section assumes there are no items to report.

To get Box C or Box F to trigger, you have to tell TurboTax that you did not receive a Form 1099-B for these specific items by creating a new entry for them:

1. Navigate to Wages & Income, Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
2. Rather than editing your imported Schwab 1099-B, click Add investments.
3. When asked how you want to add your info, do not select Schwab or upload a file, select "Type it in myself"
4. When TurboTax asks, "Did you get a 1099-B for this sale?", select No
5. Select "Stocks" (or whatever Schwab indicated)
6. Enter the sale info and ensure the holding period is one year or less Short-Term (Box C)
7. Enter the sale info and ensure the holding period is more than one year Long-Term (Box F)

[craigwrobbins]

Hi ReneV4,

Thank you for trying to help me.  Unfortunately, I'm not seeing the options you mentioned in steps 1-5. Under Income, here's what I'm seeing: 

1. Interest and Dividends / Forms 1099-INT, 1099-DIV
2. Investment Income / Form 1099-B, capital gains/loss, home sales
3. Rentals and Royalties / Rental property, copyright/patent royalties
4. Business Investment and Estate-Trust Income / Income or loss from ownership in other business and/or trust and estate entities (K-1s received)
5. Other income or loss / List your own categories for any income not yet entered above

#2 doesn't have an option within it for something other than Form 1099-B.

#4 is looking for K-1s, which I haven't received for the estate.

#5 has no options that allow for reporting investment sales and cost bases.

Other advice?

Thanks,

Craig

[ReneV4]

I see. The wording is slightly different in the TurboTax Desktop version.

1. Go to Investment Income, then select Stocks, Crypto...
2. There, you select the + Add investments box
3. Skip import
4. Select the Stock, Bonds...1099-B...box, Continue
5. Input bank or brokerage, Continue
6. Answer the, "Tell us about the sales..." questions, Continue
7. Next choose either to enter Sales section totals or One by one, Continue
8. In the, Now, enter one sales total, you can select either Short-term (Box C) of Long-term (Box F) (for noncovered)
9. You can then go to Forms Mode to verify that the amounts are showing in their respective Box C or Box F

[craigwrobbins]

Hi @ReneV4,

Thank you for providing this additional advice. I was out of town most of this past week and I'm just getting the chance to see and try this.

Unfortunately, I still do not see the options that you are suggesting here. I am trying to complete taxes for my mother's estate and I am using TurboTax Business, not regular TurboTax. The only Investment Income (Form 1099-B, capital gains/loss, home sales) options I have are:

• Stocks, Mutual Funds, Bonds, Other
• Capital Loss Carryover
• Home Sales

When I open Stocks, Mutual Funds, Bonds, Other, I don't get an option to +Add Investments. I only have the option to Add Another Account and this makes me select an institution, which takes me down the path of only being able to select Boxes A, B, D, E, and X.

Do you have any further advice? Know of any assistance I can get from Intuit for this?

Thanks,

Craig

[craigwrobbins]

Actually found a way to force TurboTax Business to put this information in the correct places on form 8949 via Grok. Thanks!