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March 20, 2021
Question

why am I beeing required to fill out a 1099-B form?

  • March 20, 2021
  • 1 reply
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    1 reply

    ColeenD3
    March 20, 2021

    TurboTax would not require you to fill out a 1099-B Form. Form 1099-B: Proceeds from Broker and Barter Exchange is a federal tax form used by brokerages and barter exchanges to record customers' gains and losses during a tax year. Individual taxpayers will receive the form from their brokers or barter exchange already filled out.

     

    The program may be asking you to enter any 1099-B you have.

     

    Here's where you enter or import your 1099-B in TurboTax:

    1. Open (continue) your return if it isn't already open.
    2. In TurboTax, search for 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.