How to enter a 1099-B with box 5 checked

[EliseInAZ]

I see a previous answer to this question that doesn't really answer the question. What it says is to report those sales on a Form 8949, which I don't have. An older version question (2019) said to choose sales category B or E to avoid having to enter the information that doesn't appear on the 1099-B, but I don't see those designations in the current version.

From the IRS site: 

When selling a noncovered security and reporting it on a separate Form 1099-B, you may check box 5 and leave boxes 1b, 1e, 1f, 1g, and 2 blank. 

How do I get Turbo Tax to accept this form without the otherwise required information?

[baldietax]

Box E refers to drop down for sales section "long term basis not reported to IRS (noncovered)".  Box B is short term noncovered.

Ideally you would enter this as "one by one" with the details, which will put it on Form 8949 and then Schedule D.  The other post from 2019 I think means to enter it as a sales summary, which doesn't ask for dates but will trigger the need to mail your 1099-B to the IRS.

Whatever information you are missing you should ideally be able to source from the original statement/confirmation etc.  Depends what this sale is for and what information you are missing.

[EliseInAZ]

This didn't exactly help me because there was no further information that came with the 1099-B. The broker's website didn't have anything additional on this transaction either. Eventually, I was able to find the information online on the website of the company whose stock was sold. I'm just posting this so if someone else runs into a similar situation, they'll know where to look.

[JamesG1 · Accepted solution]

From the IRS site: 

When selling a noncovered security and reporting it on a separate Form 1099-B, you may check box 5 and leave boxes 1b, 1e, 1f, 1g, and 2 blank. 

It sounds like this entry is targeted towards the issuer of the IRS form 1099-B who is required to notify you of the transaction even if the issuer does not have all of the basic information of the transaction.  For instance, the financial institution may have sold in investment for you that was purchased through a second financial institution.  Your financial institution would not necessarily have access to the original purchase information.

You may have to refer to your personal records including sales tickets to locate the information that is needed to report the transaction.  The sale would be reported under code B for a short-term transaction or code E for a long-term transaction on IRS form 8949 Sales and Other Dispositions of Capital Assets.

@EliseInAZ 

[EliseInAZ]

As you can tell from my previous reply, this is what I finally figured out myself. Since I don't personally have a broker or own any stocks, this was foreign territory. (I know, legally I did own those stocks but to the best of my recollection, I didn't initiate the purchase myself, nor manage them in any way, so this was all new to me.)

Thanks for taking the time to post the explanation, which would have been immensely helpful before I figured out what was going on.