How do we report transactions (1099-B

[JillS56]

Form 1099-B (Proceeds from Broker and Barter Exchange Transactions) reports the sale of stocks, bonds, mutual funds, and other securities.

Here's where you enter or import your 1099-B in TurboTax:

1. Open (or continue) your return if it isn't already open
2. Select the magnifying glass, search for 1099-B and then select the Jump to link in the search results
3. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2021?
   • If you see Your investment sales summary, select Add More Sales
4. On the OK, let's start with one investment type screen, select the category that applies to your situation and Continue
5. Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
6. At Let's get your tax info, choose how you want to enter your 1099-B (import or type it in yourself)
7. Answer the questions about your 1099-B

Form 1099-B is included in TurboTax Premier, TurboTax Live Premier, Self-Employed, and TurboTax Live Self-Employed (online) and in all personal CD/Download versions of TurboTax.

How to report 1099-B transactions

[shornung88]

Hi Jill,

Thank you for that!  This doesn't show the whole question.

My broker alerted me by e-mail that the 1099's were already released and that I didn't receive one.

I have reviewed my account and there aren't any specific withdrawals from my account.  I instead transferred money to different funds without these funds hitting my bank account and later did an in-kind transfer to another broker.

I did import the 1099-div into Turbotax; however, I don't have a 1099-B.

I did read on other message boards that because I did do an in-kind transfer, there would not be a need for the broker to send a 1099-B and therefore there would not be a need to report.  Is there truth to this?

Based on this information- would the 1099-Div be sufficient as the only 1099 needed for this specific broker or do I need for them to supply me this information?

[JillS56]

Yes, the 1099-DIV information would be sufficient in your case.   

You are also correct, if you did not receive a 1099-B and you did an in-kind transfer from one broker to another, you do not have to report that on your return and a 1099-B would not be issued for the in-kind transfer.

Sounds like you are all set.