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March 26, 2024
Question

FORM 8949

  • March 26, 2024
  • 2 replies
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HOW TO I GET TO THE SCHEDULE D WORKSHEET TO ENTER CAPITAL GAINS/LOSES FOR FORM 8949?

 

2 replies

DoninGA
Employee
March 26, 2024

The Form 8949 is completed by the TurboTax program when you enter your investment sales in the Investment Income section of the program

 

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Under Investment Income
On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other, click the start or update button


Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales

March 26, 2024

To report investment transactions resulting in capital gain or loss, type "1099B" in Search  and hit enter:  

 

  • Click on "Jump to 1099b
  • Answer  Yes  to "Did you have investment income in 202X?"  
  • Click through the program until you get to "Let's import your tax info?", and click on "Enter a different way". 
  • Click to highlight the box with "Stocks, Bonds, Mutual Funds", then click on Continue.  
  • Enter something for "Bank or Brokerage" and click on Continue.  
  • Answer No to the Employee stock question.  
  • Continue through screens until you come to the page where you enter your transactions

These entries will flow to both Form 8949 and Schedule D.  

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