How can I input the correct about on my 1099-B for Robinhood? I have a 1f / 1g box that includes another $ amount but there is no option to input that.

I have a net total gain of a very small amount, but with TurboTax having options for only 1d and 1e, my total gain shows 1000% more than what I actually grossed. I can't figure out how to properly show this in my taxes. Any ideas?

277

Expert Alumni

Feb 25, 2021 5:19:45 AM

On the a1099-B entry screen, scroll down until you get to I have other boxes on my 1099-B to enter. Place a check mark in the box. Boxes 1f and 1g will appear.

See How do I enter a wash sale on my 2020 return?

The wash sale rule doesn't allow you to deduct losses when you buy replacement stocks or securities (including contracts or options within a 30-day period) either before or after you sold substantially identical securities.

The rule doesn't apply if you're a securities dealer and the trade was part of your business activity.

Why sign in to the Community?

How can I input the correct about on my 1099-B for Robinhood? I have a 1f / 1g box that includes another $ amount but there is no option to input that.