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February 20, 2025
Question

keep getting message: icn-accurate-reporting-investment-sales.svg when trying to enter the next income

  • February 20, 2025
  • 1 reply
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    1 reply

    February 26, 2025

    What is the nature of the income that your are attempting to report?  Are you using TurboTax Online or TurboTax Desktop?

     

    The sale of an investment property is treated as a sale of a capital asset.  To enter this transaction manually In TurboTax Online, follow these steps:

     

    1. Down the left side of the screen, click Federal.
    2. Down the left side of the screen, click Wages & Income.
    3. Click the down arrow to the right of Investments and Savings.
    4. Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).
    5. Click Add investments.
    6. On the Let's import your tax info screen, select Enter a different way.
    7. On the OK, let's start with one investment type screen, select Stocks, Bonds, Mutual Funds, then Continue.
    8. At the screen Which bank or brokerage, enter the information.  Click Continue.
    9. Do these sales include any employee stock, enter No.
    10. Do you have more than three sales, enter No.
    11. Do these sales include any other types of investments, enter No.
    12. Did you buy every investment listed, enter Yes.  Continue.
    13. On the screen Now, choose how to enter your sales, select One by One.  Select Continue.
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