Can I enter small investments from robinhood or coinbase without a 1099?

Forum|Forum|3 years ago
February 20, 2023
1 reply
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My investments were too small to require a 1099 document. How do I still report those investments on Turbotax?

TurboTax Premier Online

Best answer by HopeS

Yes, you can report your investment sales without Form 1099-B.

While in the Wages & Income Section of TurboTax, you will

click on Investment Income and continue through the Interview until you get to this question:
"Did you get a Form 1099-B or Brokerage Statement"
Select No and continue.
The next question will be "Tell us about this Sale" See the screenshot below:
You will then Select:

I will enter one sale at a time or
I'll enter a summary for each category

@mhenk544

HopeSAnswer

Yes, you can report your investment sales without Form 1099-B.

While in the Wages & Income Section of TurboTax, you will

click on Investment Income and continue through the Interview until you get to this question:
"Did you get a Form 1099-B or Brokerage Statement"
Select No and continue.
The next question will be "Tell us about this Sale" See the screenshot below:
You will then Select:

I will enter one sale at a time or
I'll enter a summary for each category

@mhenk544

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mhenk544Author

Thank you for the quick response.

When I go to "investment and Saving income", I hit revist on "Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)" but then it takes me straight to uploading a document from an institution. I am not getting the question on if I received a 1099-B. Is there something else I should be doing?

Thank you for the help!

PattiF

To enter the stock sale without a 1099-B follow these instructions:

Click on Income & Investments
Scroll to Investments and Savings and click on Start (or Edit or Review)
Click on Add Investments. And then Continue on the next page
Choose to Enter a different way
Pick Stocks, Bonds, Mutual Funds and Continue
Which bank or brokerage sent you a 1099-B for these sales?, Enter name of brokerage, and Continue
Answer questions on next page and Continue
Now, Choose how to enter your sales, One by one, Continue
Continue past the page Look for your sales on your 1099-B
You can enter your sales on the next page.
In the first box, Sales section, Choose Short-term (or long-term) did not receive 1099-B form