Form 1099-B reports the transactions of sale of stock or redemption of bonds or mutual funds. The instructions for adding this required income to your tax return are shown next.
Enter the information in TurboTax by using the steps below.
Open your TurboTax Online return:
- Select Tax Home on the left panel > Select any Income category or Pick up where you left off
- Select Tax Tools > Tools > Select Topic Search > Type 1099b > Select GO (should be landed on 1099b)
- Select Add Investments if your 1099-B is not yet present in your list
- Continue to follow the prompts to enter the information yourself
Open your return in TurboTax Desktop:
- Select Personal Income > Scroll to Investment Income > Select Stocks Cryptocurrency, Mutual Funds, Bonds, Other
- Start or Update > Continue to follow the prompts to enter your 1099-B details
The sale of any investment is required to be included with your tax return, gain or loss. Information from the link below may be helpful
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