1099-B

[JD44]

Can I enter a 1099-B Form in my turbotax Home & Business software?  

[DoninGA · Accepted solution]

The Form 1099-B is supported by Home and Business

To enter an investment sale from a brokerage account (1099-B), follow the steps below.

• Click on Federal Taxes (Personal using Home and Business)
• Click on Wages and Income (Personal Income using Home and Business)
• Click on I'll choose what I work on (if shown)
• Under Investment Income
• On Stocks, Mutual Funds, Bonds, Other, click the start or update button

Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales

[JD44]

Excellent - thank you!

[don1936fido]

My first 1099-B form.

I own Stock in GE. During the year, GE purchased another company, WABTEC. This resulted in a transaction where I received some WABTEC stock. I received a 1099-B form, and in addition, I received a 1099-DIV for the WABTEC stock. Is that correct?

[JohnW222]

That would seem to be appropriate.

[solorunner 100]

I have a 1099 B from Colorado Farm Bureau because they sold some uncovered securities while I was a member. I see how to enter the amount but there is also  a sum listed as federal tax deducted and I cannot find a way to enter that in turbo tax premiere

[solorunner 100]

I understand these steps but do not see a way to record the federal taxes paid

[VolvoGirl]

Look for a button.  To enter withholding on a 1099B  click on I'll enter additional info at the bottom.  

[pgw3]

can you enter 1099-b in turbo tax premium

[DoninGA]

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@pgw3 wrote:

can you enter 1099-b in turbo tax premium

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Yes, the TurboTax Premier edition support entry of a Form 1099-B

To enter an investment sale from a brokerage account (1099-B), follow the steps below.

• Click on Federal Taxes (Personal using Home and Business)
• Click on Wages and Income (Personal Income using Home and Business)
• Click on I'll choose what I work on (if shown)
• Under Investment Income
• On Stocks, Mutual Funds, Bonds, Other, click the start or update button

Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales

[VolvoGirl]

There is no premium version.  If you mean Premier then yes you can enter a 1099B.

You can enter a 1099B manually or try to import it.  If you import it be sure to check it over close and make sure the cost basis got imported and is right.  How to import your 1099

https://ttlc.intuit.com/community/entering-importing/help/how-do-i-import-my-1099/00/26254

Enter a 1099B  under

Federal Taxes Tab or Personal (Home & Business)

Wages & Income

Then scroll down to Investment Income,

Then Stocks, Mutual Funds, Bonds, Other - click Start or Update

[ditret00]

The way to enter info for 1099-B is not very clear. It took me a long time to figue out what to do about it for my particular case. You need to expand on it for different scenarios

[Carlij23]

I    have a 1099 B form, but some of the boxes like Box 1b say unknown. Along with box 1e saying unknown. It won't let me advance without this information. 

[ThomasM125]

Box (b) is the date you acquired the stock. It is significant to determine if the gain or loss on sale of the stock is long term (more than on year) or short term (less than on year). If you don't know exactly when the investment was acquired, you can pick a date the will result in the correct time period of one year or more for the amount of time you owned it.

Box (e) is what you paid to acquire the stock. If you don't know what that was, you can enter 0 for the entry, but that will probably result in a higher tax than if you enter the actual cost basis.

[PCE]

I am having the same problem from the Farm Bureau demutualization.  My two member LLC also got a 1099-b form and I can't figure out how to enter that in turbotax business...any ideas?  Also, I am having the same problem as you on my personal form.  Did you figure it out?  Really appreciate your help.  Thanks.