If you have already filed your return, you will need to amend it. Here are the instructions to Amend
My Return in TurboTax. Be certain you send a copy of your 1099-MISC along with your explanation of your changes. Follow the instructions below to enter your 1099-MISC for capital gains.
If you have not filed, you can add your 1099-MISC to your return as follows. Depending on which box the number is reported in, the IRS may write you for more information if they can't match the 1099-MISC, so be sure to keep it and all your supporting documentation.
To enter your capital gain item in TurboTax,
- In
your Federal return,
choose Wages & Income
- Scroll
down to Investment Income (you
might have to select See more income to view this topic) and Show more
-
Start or Revisit Stocks, Mutual Funds, Bonds, Other
-
Add a sale and answer No, you did not receive a brokerage
statement. You will see the
screen Choose the type of investment you sold. Select
the correct option and Continue
- On
the next page "Choose your bank or brokerage,"
or scroll down to the gray button in the lower right and select "I'll type
it in myself."
- Enter the issuer's name as shown on your 1099-MISC and Continue through the interview.
