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Mel915
Level 1

Will the Basic CD version import my 1099B info from financial institution and create Schedule B & 8949?

If I purchase the BASIC CD version will it import my 1099B from our financial institution and create the Schedule D & 8949 form or do I need the Deluxe CD version?

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DavidD66
Expert Alumni

Will the Basic CD version import my 1099B info from financial institution and create Schedule B & 8949?

You can import your 1099-B using the Basic version of TurboTax Desktop.  All versions of TurboTax Desktop have the same (all) forms available.  The interviews and step-by-steps vary based on the version however.  

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3 Replies
DavidD66
Expert Alumni

Will the Basic CD version import my 1099B info from financial institution and create Schedule B & 8949?

You can import your 1099-B using the Basic version of TurboTax Desktop.  All versions of TurboTax Desktop have the same (all) forms available.  The interviews and step-by-steps vary based on the version however.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Mel915
Level 1

Will the Basic CD version import my 1099B info from financial institution and create Schedule B & 8949?

Can you give example or any additional information as to what the difference is in interviews and step-by-steps between the different TurboTax Desktop versions?

DawnC
Expert Alumni

Will the Basic CD version import my 1099B info from financial institution and create Schedule B & 8949?

When you go through the step by step method using the desktop version, you are asked about different items depending on which version you are using.  For example, if you need to enter a Schedule C for self-employment, TurboTax Basic is not going to walk you through all of the entries that go on a Schedule C.  You will be able to enter all of the information, but you will need to know where to go to enter the items.   They are all there, but you won't be asked.  

 

There are 2 options to enter items into the desktop versions - Guide Me  or   I'll Choose What I Work On.   The Guide Me options are much more limited in the lower versions.  However, you can skip the Guide Me screens and go directly to the entry screens.  

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