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January 20, 2022
Question

Note: I did not receive any 1099-B but I have a tiny amount of short term capital gains (less than $10.00). I am unable to access any place in TurboTax to report.

  • January 20, 2022
  • 2 replies
  • 0 views
TurboTax demands the name of a bank or brokerage tat produced a 1099-B but there is not one.  So, I am unable to access the part to report very tiny short term capital gains.

2 replies

VolvoGirl
Employee
January 20, 2022

If you can't import it then just enter it manually.  The first screen asks for the bank name, don't enter the bank. Scroll down and click on Change the way I enter it and then on the next screen pick I'll type it in myself.

VolvoGirl
Employee
January 20, 2022

What did you get the gain from?  Did you sell something?  They have until Feb 28 to send you a 1099 for it.  Was only the net gain less than $10?  Or the total sale amount under $10 also? 

hanunianAuthor
January 20, 2022

Thank you for your help.

My December statement only shows a short term capital gain of $3.10 on a federal money market mutual fund.

Per the brokerage, the $3.10 represents the distribution of profit the money market fund made in 2021 at the end of the year.

 

 

 

VolvoGirl
Employee
January 20, 2022

Oh you would enter that on a 1099DIV put it in box 2a.  Did it pay you any other dividends?   If you get a 1099DIV it should be on that.