1099B has sales of both purchased and inherited on the same line.

Can only select inherited or purchased not some of each. How do I enter this in TurboTax? Screen says info entered should match 1099B.

Best answer by DianeW777

You must enter the purchased sales as one entry, then the inherited sales as a separate entry even if they are combined on the same 1099-B.

Do not import, choose to enter yourself.

To enter inherited sales:

Sign into your TurboTax account, then follow the steps below.

Select Wages and Income > Search (upper right magnifier) > Type 1099b > Use the Jump to... Link
Scroll to Stocks, Mutual Funds, Bonds, Other > or Add Investments > Enter a different way
Select Stocks, Bonds, Mutual Funds > Continue until you choose to enter one-by-one
Select under Sales Selection Long term no basis reported to IRS
Select the type of investment you sold > Select 'I inherited it' under How did you receive this investment?
Now you can follow the screen image provided with the additional details next:
- Your cost basis for the inherited shares is the fair market value (FMV) on the date of death of person you inherited this asset from
- Select the check box beside 'The cost basis is incorrect or missing on my 1099-B'
On the next screen you can choose None of these apply > Select I don't want to make any changes to my cost basis right now
Continue through the rest of the screens.

You must enter the purchased sales as one entry, then the inherited sales as a separate entry even if they are combined on the same 1099-B.

Do not import, choose to enter yourself.

To enter inherited sales:

Sign into your TurboTax account, then follow the steps below.

Select Wages and Income > Search (upper right magnifier) > Type 1099b > Use the Jump to... Link
Scroll to Stocks, Mutual Funds, Bonds, Other > or Add Investments > Enter a different way
Select Stocks, Bonds, Mutual Funds > Continue until you choose to enter one-by-one
Select under Sales Selection Long term no basis reported to IRS
Select the type of investment you sold > Select 'I inherited it' under How did you receive this investment?
Now you can follow the screen image provided with the additional details next:
- Your cost basis for the inherited shares is the fair market value (FMV) on the date of death of person you inherited this asset from
- Select the check box beside 'The cost basis is incorrect or missing on my 1099-B'
On the next screen you can choose None of these apply > Select I don't want to make any changes to my cost basis right now
Continue through the rest of the screens.