You do not enter the loss on your form 1099-B. As you enter from your form 1099-B the proceeds and the cost basis, TurboTax will calculate the gain or loss on that trade. You can enter your form 1099-B by following these steps: In TurboTax, open your tax return Click on Federal in the left-hand column, then on Wages & Income on top of the screen Scroll down to All Income, locate the section Investment Income and click on Show more Click Start next to Stocks, Mutual Funds, Bonds, Other

Question

I don’t know where to put a loss on my 1099B form from Putnam

Forum|Forum|6 years ago
April 1, 2020
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MinhT1

You do not enter the loss on your form 1099-B. As you enter from your form 1099-B the proceeds and the cost basis, TurboTax will calculate the gain or loss on that trade.

You can enter your form 1099-B by following these steps:

In TurboTax, open your tax return
Click on Federal in the left-hand column, then on Wages & Income on top of the screen
Scroll down to All Income, locate the section Investment Income and click on Show more
Click Start next to Stocks, Mutual Funds, Bonds, Other