How do I enter a capital gain (LT stock sale) without a 1099B?Sold privately held stock for a gain. No 1099B will be issued. How/where do I enter the transaction info

Forum|Forum|3 years ago
March 29, 2023
1 reply
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I have all the transaction data (cost basis, etc), I just can't get to screen where I can manually enter it. Appreciate the help!

TurboTax Premier Online

Best answer by JohnB5677

You will enter your information as if you did receive the 1099-B, but it will be entered as an individual transaction.

Start at Federal
Wages and Income
Scroll to Investments & Savings
Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) [Start or Revisit]
Did you have investment income in 2022? - Yes
Get ready to be impressed Continue
You can enter your information to import the details
You should enter this manually
Select Enter a different way.
Choose the Box Stocks, Bonds, Mutual Funds Continue
Follow the interview to post your information.

If this does not completely answer your question, please contact us again and provide some additional details.

JohnB5677Answer

You will enter your information as if you did receive the 1099-B, but it will be entered as an individual transaction.

Start at Federal
Wages and Income
Scroll to Investments & Savings
Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) [Start or Revisit]
Did you have investment income in 2022? - Yes
Get ready to be impressed Continue
You can enter your information to import the details
You should enter this manually
Select Enter a different way.
Choose the Box Stocks, Bonds, Mutual Funds Continue
Follow the interview to post your information.

If this does not completely answer your question, please contact us again and provide some additional details.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

brad56Author

Thank you for the response. I followed the directions exactly (and have actually gotten to this point previously).

The problem is... the screen now says "Which bank or brokerage is on your 1099-B?" I don't have a 1099-B as I mentioned in my question.

Then, on the next screen, the TT interview is asking me to fill out Box 1a, Box 1b, Box 1c, etc. I don't have a form with those boxes on it.

Are you saying that I should fill out these fields as if I DID have a 1099-B for this stock sale; filling out what I can and leaving other fields (like brokerage name, etc) blank ?

ThomasM125

If you are using the online version of TurboTax, you may need to choose the Other investment sale option as opposed to the stock sales option if you don't have a form 1099-B. You will be given the opportunity to enter stock sales, but you won't need to enter form 1099-B information.