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My 1099-B lists matured CDs with no capital gain. There is no appropriate CD listed under what type of investment. How do i list it or do i not include it at all?

 
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3 Replies
SharonD007
Employee Tax Expert

My 1099-B lists matured CDs with no capital gain. There is no appropriate CD listed under what type of investment. How do i list it or do i not include it at all?

Look on the Form 1099-INT.  Your interest from your CD should be included in that section of your Consolidated 1099-B.  

 

To enter your 1099-INT follow the steps below:

 

  1. Launch TurboTax
  2. Select Federal and Wages & Income
  3. Select Add more income
  4. Select the dropdown by Investments and Savings
  5. Select  Interest on 1099-INT and follow the prompts to enter the interest that you received.

 

Refer to the TurboTax Help article Filing Tax Form 1099-INT: Interest Income for more information.

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My 1099-B lists matured CDs with no capital gain. There is no appropriate CD listed under what type of investment. How do i list it or do i not include it at all?

you have to report it because the IRS will try to match the gross proceeds and cost you report to what it got from the broker. use the investment section.    

My 1099-B lists matured CDs with no capital gain. There is no appropriate CD listed under what type of investment. How do i list it or do i not include it at all?

presumably these are brokered CDs - yes you should report the 1099-B sale/redemption as provided (and separately you should have interest on 1099-INT).  I think you mean the drop down in the 1099-B input "What type of investment did you sell?" doesn't show CD - if so you can just use Bond.

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