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I have stock but am not sure how to report them in tax return. Please advise
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If you have sold stock you will need to use TurboTax Premier to report the sale.
To enter your stock sales from your 1099-B you will do the following:
- Click on Federal Taxes
- Wages & Income
- Scroll Down to Investment Income and click Show More
- Click Start next to Stocks, Mutual Funds, Bonds, other
- Follow the prompts to enter your stock sales
If you simply purchased stock and did not sell any stock you will not have anything to enter. Stock purchases are generally not reported.
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