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February 18, 2025
Question

how to fill out 1099b

  • February 18, 2025
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    February 18, 2025

    Here's how to fill out your 1099-B in TurboTax:

    1. Open or continue your return.
    2. Navigate to the 1099-B section:
      • TurboTax Online/Mobile: Go to 1099-B.
    3. Follow the onscreen instructions. When you reach Let's import your tax info, choose how you want to enter your 1099-B:
      • To import your form, select your brokerage or financial institution from the list. Enter your sign-in credentials for your account, then select Get my form.
      • If you want to enter your 1099-B manually, select Enter a different way, then select your investment type on the next screen.
    4. On the following screens, answer the questions about your 1099-B. When you reach the Review your sales screen, the form you just entered should be listed.
    5. If you need to add another 1099-B, select Add investments. Otherwise, select Continue.
    6. Fill in the Payer's Information: This includes the name, address, and TIN (Taxpayer Identification Number) of the broker or barter exchange.
    7. Recipient's Information: Enter the recipient's name, address, and TIN.
    8. Fill in Transaction Details: based boxes with information on the 1099B
    9. Submit the Form: Send Copy A to the IRS, and provide Copy B to the recipient.

     

    For more detailed instructions, you can refer to the IRS instructions for Form 1099-B