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Level 3
posted Apr 2, 2022 6:20:37 PM

Is this a statement or an actual 1099-B?

I got this from Robinhood. Unlike the other official looking1099's that I have received before e.g. 1099-K, 1099-NEC, these are just sheets of paper that has a 1099-Composite on one and a small wording that says 1099-B on the other.  There are no boxes numbers to see.

 

Are these real 1099's? If so, how and where do I report them in Turbo Tax Premier?

0 2 472
1 Best answer
Level 15
Apr 2, 2022 6:28:31 PM

You have a consolidated 1099-B statement.

It is real enough.

--

IRS requires details of your SELL transactions to be reported on a Form 8949,
or on your other forms (e.g. consolidated 1099-B) which have the same information and in the same manner as Form 8949.

--

Detail Reporting Exception: if you summarize Category A or Category D, Form 8949 is not needed for transactions without adjustments. No mailing is necessary.

2 Replies
Level 15
Apr 2, 2022 6:28:31 PM

You have a consolidated 1099-B statement.

It is real enough.

--

IRS requires details of your SELL transactions to be reported on a Form 8949,
or on your other forms (e.g. consolidated 1099-B) which have the same information and in the same manner as Form 8949.

--

Detail Reporting Exception: if you summarize Category A or Category D, Form 8949 is not needed for transactions without adjustments. No mailing is necessary.

Level 3
Apr 4, 2022 4:48:43 PM

Thank you!