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March 2, 2023
Question

Please add 1099B form and an 8949 form part II with box D checked in this group

  • March 2, 2023
  • 1 reply
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I have only two items of mutual fund shares sold and net gain on that.  This needs to be reported on 8949 form, very easy. Please give me the necessary forms

1 reply

DaveF1006
March 2, 2023

Yes, this is very easy to report.

 

  1. Go to federal>wages and income>investment income>stocks, bonds, other
  2. Now you will answer some preliminary questions.  Say yes if you did  receive a 1099B.
  3. Now report your 1099 B information exactly how it is recorded into the Turbo Tax return.
  4. Especially record the  sale price, description, what you originally paid for it, date sold, date acquired etc.  Box D is a drop-down in the sales category in this section. Here you will select the drop-down arrow and select Box D. 
  5. Once this information is complete and recorded, a Schedule D will be generated in your return along with a 8949 reporting a gain or loss.
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