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I have Two 1099B forms showing $50 dividends each. Turbo tax says it’s required I upgrade for $150. Why the requirement. Can I opt out?

 
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JamesG1
Employee Tax Expert

I have Two 1099B forms showing $50 dividends each. Turbo tax says it’s required I upgrade for $150. Why the requirement. Can I opt out?

The reporting of IRS form 1099-B requires the Premium version of TurboTax Online.  You may view the comparison of the versions under Tax Forms towards the bottom of the webpage.

 

If you choose not to report the income items, tax authorities may contact you at a later time about the income items that were not reported.

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I have Two 1099B forms showing $50 dividends each. Turbo tax says it’s required I upgrade for $150. Why the requirement. Can I opt out?

A 1099B is for sales.   Dividends are reported on a 1099-Div.   Did you maybe get a consolidated statement.  That will have sections for 1099-Int and 1099-Div and 1099B and maybe some other 1099s.  You need to enter each section in the right place.  So read it carefully and look for headings.... 1099-INT for interest or 1099-DIV for Dividends or 1099B for sales.  I highlight each heading with a yellow highlighter to find them.

 

You don’t have to upgrade for dividends.

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