You'll need to sign in or create an account to connect with an expert.
I don't know. But are you asking about a consolidated 1099 from investment accounts?
Do you mean a 1099 consolidated tax statement? A 1099 consolidated tax statement combines multiple 1099 forms—1099-INT, 1099-DIV, 1099-OID, 1099-B, and/or 1099-MISC—into a single, multi-page document. Some consolidated statements include all 5 forms, while others only include the 1099s the IRS requires for that client.
You should get yours by late February. It's not uncommon to get a second, corrected statement in March or even April, especially if you have overseas investments.
There is no single screen in TurboTax where you enter a consolidated statement. Rather, enter each 1099 form on its own dedicated screen, but only if it contains non-zero amounts. For example, if you see dollar amounts in Form 1099-B on your statement, but the other four 1099 variations only contain zero-dollar amounts, only enter the 1099-B in TurboTax.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
jeannieb82
New Member
Rossw
Level 2
Moonlight
Level 2
Gynjhun88
New Member
RalphDitto
New Member