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March 20, 2021
Question

DO I NEED TO ADD INVESTMENT FOR PART 1 BOX C CHECK?

  • March 20, 2021
  • 1 reply
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I AM FILING 1099-B BUT MINE REPORT FORM SAYS PART 1 WITH BOX C CHECK. WHAT DOES IT MEAN?

1 reply

March 21, 2021

I recommend reviewing the number on your form to ensure it is a 1099-B Form.  I have included a sample blank 1099-B form and it does not have parts.  It does have a box 1c for date sold or disposed. 

 

1099-B blank sample

 

Typically, you will use the information reported on a 1099-B to enter any capital gains or loss transactions into your income tax return. 

 

This information is then entered in the federal interview section as follows. 

  1. Select Income & Expenses 
  2. Scroll down through all income until you see Investment income 
  3. Select Stocks, Mutual Funds, Bonds, Other 
  4. Select Edit to the right of the applicable sale.  The next page will say Now, we'll enter one sale on your 1099B.
  5. Your input from your 1099-B would go into this section.

I recommend reviewing your information provided to you.  Once you review your form, please comment with the form number and we will be able to assist you accordingly.

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