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where do i enter a brokerage statement that has many types of income?

I can not import.
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4 Replies
JohnB5677
Expert Alumni

where do i enter a brokerage statement that has many types of income?

If this is the first time entering investments

 

  1. Select Wages & Income
  2. Scroll to Investments and Savings1099-B, 1099-INT, 1099-DIV, Crypto Gain/Loss Report
  3. Did you have investment income in 2024? [Yes]
  4. A list of Financial Institutions will come up
  5. Enter a different way
  6. Five boxes will come up
  7. Select the Dividend Box - Continue
  8. How would you like to upload your 1099-B?
  9. Scroll down. Select [Type it myself]
  10. post your 1099-DIV

If you entered a 1099-B previously

  1. Select Wages & Income
  2. Scroll to Investments and Savings1099-B, 1099-INT, 1099-DIV, Crypto Gain/Loss Report
  3. [Add/Edit]
  4. The screen will show previous entries
  5. Select a previously entered record or
  6. [+ Add investment]
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where do i enter a brokerage statement that has many types of income?

if you can not or do not want to import it. each category is entered on its own form.  If you do import, there may be items that TurboTax does not import. You are responsible for the completeness of the data entered. 

where do i enter a brokerage statement that has many types of income?

Sounds like you got a consolidated statement. That will have sections for 1099-Int and 1099-Div and 1099B.   You need to enter each section in the right place. So read it carefully and look for headings.... 1099-INT for interest or 1099-DIV for Dividends or 1099B for sales.

 

where do i enter a brokerage statement that has many types of income?

1099-INT and DIV are easy to do and you need to pay attention to supplemental questions anyway (US Gov Obligations on 1099-DIV Box 1a for MM Funds, Muni state breakdown if you have any tax-exempt income on 1099-INT Box 8 or 1099-DIV Box 12).

 

when you get to the 1099B most can be input as sales summaries, inputting all the sales details is not required unless you have sales with adjustments (wash sales, AMD) or non-covered categories, then those items are better input as "one by one" with the details if not too many, i.e. split your 1099B and enter those type items with the details, enter the rest of your proceeds/cost basis balance as summary level 1099B, and check the totals line up on Schedule D.  If you don't enter the details for these type of items you will be asked to mail those details separately (using 1099B) to IRS using Form 8453 (which you can also satisfy as a PDF upload in TT Online).

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