Question

Reporting "Long-term transactions not reported to you on form 1099-B"

Forum|Forum|4 years ago
April 4, 2022
2 replies
0 views

Hello,

I am trying to report a loss on an investment that the accountant advice was to report it on form 8949. They sent a screenshot where I had to select option F - "Long term transactions not reported to you on form 1099-B"

I am using TurboTax online. I searched the forum but the only thread I saw was not applicable to TurboTax online.

I do not know how to get to a point where I can enter/report the non 1099-B loss. I have tried various ways:

1. "Investment and Savings" --> Add Investment --> "Enter a different way" --> ?? tried multiple options here, but could not make any progress.

Has someone gone through this and can help?

TurboTax Premier Online

fanfare

Employee

go to the stocks and bonds reporting section.

when you get there it will ask you if you have a 1099-B.

say NO.

You need all the details for that non-existent 1099-B from your own records.

T

tparekhAuthor

Here's the flow for me:

1. Wages and Income

2. Investments and Savings

3. "Add Investments"

4. "Lets import your tax info" - I click "Enter a different way"

5. "Choose an investment type" - I choose Stocks, Bonds

6. "Which bank or brokerage sent you a 1099-B for these sales?" - I tried entering "No Broker"

I couldn't find a place to say "No 1099-B"

S

SSteacher

There is no way to add Long-term transactions not reported to you on Form 1099-B on the Form 8949. Very frustrating!!

J

JamesG1

In TurboTax Online Premium, enter an investment by following these steps:

Click on Federal down the left side of the screen.
Click on Wages & Income down the left side of the screen.
Scroll down to Investments and Savings and click the down arrow to the right.
Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
You may have to click Add investments.
At the screen Let's import your tax info, click Enter a different way.
Click on Stock, Bonds, Mutual funds. Click Continue.
At the screen Which bank or brokerage is on your 1099-B, enter the information. Click Continue.
Do these sales include any employee stock, click No.
Do you have more than three sales on your 1099-B, click No.
Do these sales include any other types of investments, click No.
Did you buy every investment listed on your 1099-B, click Yes. Click Continue.
At the screen Now, choose how to enter your sales, select One by one. Click Continue.
At the screen Look for your sales on your 1099-B, click Continue.
At the screen Now enter one sales total on this 1099-B, enter information.
Select Long-term did not receive 1099-B form for Sales section title.
Click Continue.