How to enter 1099b - PROCEEDS FROM BROKER AND BARTER EXCHANGE TRANSACTIONS?

Forum|Forum|5 years ago
March 13, 2021
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I received 1099b - PROCEEDS FROM BROKER AND BARTER EXCHANGE TRANSACTIONS. The form has entry in the Box1c, Box 1a, box1d, and Box 4. I have worksheet for 5 transactions of stock sold.

Please let me know how i can enter the information in Turbox premier desktop version?

JohnB5677

This is how to enter a 1099-B in Desktop TurboTax.

I'll choose what I work on
Investment Income
Stock, Mutual Fund, Bonds, Other
Did you sell any investments in 2020?
Did you get a 1099-B
Select to I'll type it yourself
Enter Bank
I'll enter one sale at a time
Enter the stock data

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J

JasonAHamme

Hi

I received a Form 1099-B

and on it I have values for only Box 1a and Box 5.

Box 1a is simple but how

do I enter Box 5 Non-Covered Securities on TurboTax?

When I access 1099-B on TurboTax I am presented with Box 1a-1e and nothing for Box 5

tk you Jay

LeonardS

You do not report Box 5 Form 1099-B on your tax return. To verify follow these steps:

Check the Box for I have other boxes on my 1099‑B to enter
Click on the line What if my 1099-B has other boxes with info?
You will see the following information on your screen.

"If your 1099-B includes info reported in boxes that aren’t shown here, don’t worry about entering the info. This info doesn’t need to be added to your tax return".

@JasonAHamme

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