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April 9, 2023
Question

How do I report a sale of a stock

  • April 9, 2023
  • 1 reply
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how do i enter a sale of stock

1 reply

April 10, 2023

It depends, did you receive a 1099-B to report the stock sale, or are you entering the stock sale with out a 1099-B?

 

Here are instructions to enter the sale of a stock with a 1099-B:

 

  •  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.

Continue with the information for your sales

 

To enter the information without a 1099-B:

 

  • In TurboTax, click on Wages and Income
  • Scroll down to Investment Income
  • Choose Stocks, Mutual Funds, Bonds, Other and select Start or Update
  • The first screen will ask if you sold any investments during the year, answer yes
  • Did you get a 1099-B or a brokerage statement for these sales? Answer No
  • Tell us about the sale, Click I'll enter one sale at a time
  • The drop-down boxes can be filled out with the details of the stock sale

 

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