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March 20, 2023
Question

Where do I enter Box 8 and Box 11 on my 1099B form?

  • March 20, 2023
  • 1 reply
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This is for a commodities account.

1 reply

March 20, 2023

To enter this 1099-B information in TurboTax Online:

  1. If you don’t see 2022 TAXES in the left pane, select the dropdown to the right of Income & Expenses on the Hi, let’s keep working on your taxes! page and then select Let’s get startedPick up where you left off, or Review/Edit. 
    • Otherwise, in the left pane, select Federal, then Wages & Income (This is labelled Income & Expenses in TurboTax Self-Employed)
  2. Scroll down and select the Show more dropdown to the right of Less Common Investments and Savings 
  3. Select  Start or Revisit to the right of Contracts and Straddles
  4. Answer  Yes on the Any Straddles or Section 1256 Contracts? page 
  5. If you made any elections, please select as appropriate on the Any Elections? page

Enter all relevant information on subsequent screens.