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alankoo
New Member

My 1099-B has a section "Federal / State Taxes Withheld", but I don't see this section option in TurboTax. No other boxes filled for that sections. How do I enter this?

Tax withheld is not included in the other section I have for the "Covered Short-Term Gains or Losses on Gross Proceeds" because there is not one to one relation (one tx withheld is related to more than one sale).
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2 Replies

My 1099-B has a section "Federal / State Taxes Withheld", but I don't see this section option in TurboTax. No other boxes filled for that sections. How do I enter this?

type tax payments in form search box then jump to it.  on one of the lines there is a place to enter federal and state withholding form 1099-B.  you only need to enter totals 

alankoo
New Member

My 1099-B has a section "Federal / State Taxes Withheld", but I don't see this section option in TurboTax. No other boxes filled for that sections. How do I enter this?

Hi @Mike9241, I know where the input box are, the thing is that based on my 1099-B, I should report these entries in a separate section for tax withholds (Federal / State Taxes Withheld), not inline as part of with my sells (Covered Short-Term Gains or Losses on Gross Proceeds). 

Event if I want to report inline, I cannot the one to one mapping from the withholds vs the sells, so my option could be to report these in separate lines under "Covered Short-Term Gains..."), but validation fails because those lines don't have a Cost Basis entry (box 1e):

 

Check the example below (notice that only 1c, Box 4 and Box 16 have some data):

Tax.png

 

Thanks!

 

 

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