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March 13, 2021
Question

Trying to enter a timberland sale but Form 1099-B Worksheet is not allowing input...won't work right. Pls help!

  • March 13, 2021
  • 1 reply
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    1 reply

    March 15, 2021

    It's not clear if you are trying to import the information or type it yourself.  I would recommend typing it yourself to eliminate any difficulty.

    1. Open (continue) your return if it isn't already open.
    2. In TurboTax, search (upper right) > type 1099-B and then select the Jump to link in the search results.
    3. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?
      • If you see Here's the info we have for these investment sales, select Add More Sales.
    4. Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
    5. At Let's get your tax info, choose how you want to enter your 1099-B (import or type it in yourself).
    6. Follow the instructions.

    Be sure to select the correct holding period (long or short term).

    • Long term gains, defined as those held for longer than one year, generally have more advantageous tax characteristics than short-term gains, which are held for one year or less

    Please add any additional questions here.

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