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Level 2
March 18, 2024
Question

Stock Entry into Turbotax

  • March 18, 2024
  • 2 replies
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How do you enter a stock sale without a 1099B in Turbotax?

    2 replies

    Level 15
    March 18, 2024

    You enter it the same way you would manually enter a stock trade that was reported on a 1099-B.  To do so in TurboTax:

     

    • Type "1099B" into Search  and hit enter 
    • Click on "Jump to 1099b
    • Answer  Yes  to "Did you have investment income in 2022?"  
    • Click through the program until you get to "Let's import your tax info?", and click on "Enter a different way". 
    • Click to highlight the box with "Stocks, Bonds, Mutual Funds", then click on Continue.  
    • Enter something for "Bank or Brokerage" and click on Continue.  
    • Answer No to the Employee stock question.  
    • Continue through screens until you come to the page with Now, enter one sale on your Foreign 1099‑B 
    • Enter the information for your stock sale.
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    DoninGA
    Level 15
    Level 15
    March 18, 2024

    Using the TurboTax online editions -

    To enter an investment sale -

    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, Cryptocurrency, Mutual Funds, Bonds, Other, click the start or update button

     

    On the screen Let's import your tax info, click on Enter a different way

    On the screen OK, let's start with one investment type select Stocks, Bonds, Mutual Funds and Continue

    On the screen Which bank or brokerage is on your 1099‑B? enter any name and Continue

    On the next screen answer the questions presented and Continue

    On the screen Now, choose how to enter your sales select One by One and Continue

    On the screen Look for your sales on your 1099‑B click on Continue

    On the screen Now, enter one sale on your 1099‑B enter the information for your investment sale