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Tax Year Prior to 2020: How to correclty enter two 1099-B* sections in TurboTax 2019?

Greetings,

I have a Fidelity Tax Reporting Statement (one account) that has two separate sections labeled 1099-B*.  These two sections relate to the same sale of stock (forced sale due to merger).  The first 1099-B* 2019 Proceeds from Broker and Barter Exchange Transactions section is Long-term transactions for which basis is reported to the IRS --report on Form 8949 with Box D checked.  The second 1099-B* section is Long-term transactions for which basis is not reported to the IRS --report on Form 8949 with Box E checked.  

 

The only way I can see to do this in TurboTax is create two separate 1099-B entries: one with box D checked and one with box E checked.  Is this the correct way to do this?  TurboTax comes back and asks are you sure this is not a duplicate.

 

Thanks

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3 Replies
VictorW9
Expert Alumni

Tax Year Prior to 2020: How to correclty enter two 1099-B* sections in TurboTax 2019?

Check the Turbo Tax resource for help:

 

Where do I enter a 1099-B? - CommunityWhere do I enter a 1099-B? - Community

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Tax Year Prior to 2020: How to correclty enter two 1099-B* sections in TurboTax 2019?

Sorry - that did not answer my question.

VictorW9
Expert Alumni

Tax Year Prior to 2020: How to correclty enter two 1099-B* sections in TurboTax 2019?

Yes! Just like you said, you need to create two separate entries for the transactions. One with box D checked indicating that the transaction has been reported to the IRS and the other with box E checked that this transaction was not reported to the IRS. 

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