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April 8, 2021
Question

Hello I am amending my tax return adding a 1099-B but there is nothing in proceeds (1d) or cost (1e) only my section 8 and 11 show a 74 dollar loss. How do I update?

  • April 8, 2021
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ReneeM7122
April 8, 2021

You'll add form 1099-B under the Federal Taxes tab (or Personal, if working in TurboTax Self-Employed/Home & Business), then select Wages & Income, then Investment Income, then Stocks, Mutual Funds, Bonds, Other.  Follow the prompts to enter the 1099-B information.  This will require an upgrade to TurboTax Premier online, since a Schedule D will be prepared.

 

If there's nothing for the cost basis, it's because your broker either doesn't know it or isn't required to provide the information.  You'll need to look through your records.  For the proceeds, you would need to either look through your records or ask the broker.

 

Here is a TurboTax article about 1099-B, Proceeds from Broker transactions.