I don't have a 1099-B and a bank/brokerage was not involved. What do I put for the "Bank or Brokerage" field?

[nicholasverduin]

I was given stock in a small C corp back in 2014. The company repurchased my stock in 2019. A bank or brokerage was not involved and I did not receive a 1099-B. What do I put for the "Bank or Brokerage" when asked, "Which bank or brokerage sent you a 1099-B for these sales?".

[Texas Roger]

You shouldn't get to that question. You should answer no you did not receive a 1099-B. You will then see a screen with a list of possible sources of the sale. Choose one of those or Everything else. Continue on with the following screens to enter the details of the sale. 

[nicholasverduin]

It's the first question after I choose which type of investment I sold. I don't think there is a way to avoid it. 

[Texas Roger]

This is totally different than the screens on the CD/download product. Can you just enter the word None? 

[nicholasverduin]

@Texas Roger I can enter anything I want, but I'm not sure that is the right thing to do. 

[DoninGA]

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@nicholasverduin wrote:

@Texas Roger I can enter anything I want, but I'm not sure that is the right thing to do. 

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It is not necessary that you enter anything in the box for bank or broker on that screen.  Just click on Continue.

[nicholasverduin]

@DoninGA 

If I don't enter a bank or brokerage, TT requires me to review the details of the sale.

[DoninGA · Accepted solution]

@nicholasverduin Since the software is requiring a name for the bank or brokerage then enter the name of the financial institution or any name to satisfy the software.

[Texas Roger]

Another alternative is to select the Other box instead of the Stocks, Bonds, Mutual Funds box and then you are not required to enter the name of the financial institution.