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sandim
February 1, 2020
Question

How do I get a long-term sales transaction for mutual funds to show the Sales category correctly and the Cost Basis Amount correctly?

  • February 1, 2020
  • 1 reply
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1 reply

DavidS127
DavidS127
February 1, 2020

Sales of mutual funds are entered in the TurboTax section Federal>Income & Expenses>Stocks, Mutual Funds, Bonds, Other.  Click either "Start" or "Edit/Add" to enter/correct the amounts entered for your mutual fund sales.

 

Use the amounts from your 1099-B, unless it is corrected by supplemental information provided by your broker.  If the information is missing from Form 1099-B (e.g., "Cost") you may need to calculate the amount from your records.

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