Reporting "Long-term transactions not reported to you on form 1099-B"

[tparekh]

Hello,

I am trying to report a loss on an investment that the accountant advice was to report it on form 8949. They sent a screenshot where I had to select option F - "Long term transactions not reported to you on form 1099-B"

I am using TurboTax online. I searched the forum but the only thread I saw was not applicable to TurboTax online. 

I do not know how to get to a point where I can enter/report the non 1099-B loss. I have tried various ways:

1. "Investment and Savings" --> Add Investment --> "Enter a different way" --> ?? tried multiple options here, but could not make any progress.

Has someone gone through this and can help? 

[fanfare]

go to the stocks and bonds reporting section.

when you get there it will ask you if you have a 1099-B.

say NO.

You need all the details for that non-existent 1099-B from your own records.

[tparekh]

Here's the flow for me:

1. Wages and Income

2. Investments and Savings

3. "Add Investments"

4. "Lets import your tax info" - I click "Enter a different way"

5. "Choose an investment type" - I choose Stocks, Bonds

6. "Which bank or brokerage sent you a 1099-B for these sales?" - I tried entering "No Broker"

I couldn't find a place to say "No 1099-B"

[SSteacher]

There is no way to add Long-term transactions not reported to you on Form 1099-B on the Form 8949. Very frustrating!! 

[JamesG1]

In TurboTax Online Premium, enter an investment by following these steps:

• Click on Federal down the left side of the screen.
• Click on Wages & Income down the left side of the screen.
• Scroll down to Investments and Savings and click the down arrow to the right.
• Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
• You may have to click Add investments.
• At the screen Let's import your tax info, click Enter a different way.
• Click on Stock, Bonds, Mutual funds. Click  Continue.
• At the screen Which bank or brokerage is on your 1099-B, enter the information. Click Continue.
• Do these sales include any employee stock, click No.
• Do you have more than three sales on your 1099-B, click No.
• Do these sales include any other types of investments, click No.
• Did you buy every investment listed on your 1099-B, click Yes.  Click Continue.
• At the screen Now, choose how to enter your sales, select One by one.  Click Continue.
• At the screen Look for your sales on your 1099-B, click Continue.
• At the screen Now enter one sales total on this 1099-B, enter information. 
• Select Long-term did not receive 1099-B form for Sales section title.
• Click Continue.

@SSteacher