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May 7, 2023
Solved

We cashed out our investments. How do I fill in this information?

  • May 7, 2023
  • 1 reply
  • 0 views
I see no option for reporting sold investments.
Best answer by Hal_Al

In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in  Home & Business)

 - Wages & Income

Scroll down to:

-Investment Income

   -Stocks, mutual funds, Bonds, Other

You will be asked if you got a form 1099-B. Whether you answer yes or no, the interview will allow you to continue. 

1 reply

rjs
Employee
May 7, 2023

In the Search box type "investment sales" (without the quotes), then click the link that says "Jump to investment sales."


You should have received a Form 1099-B for the sales from the broker, investment manager, or financial institution. You will just enter the information from the 1099-B.

 

Hal_Al
Hal_AlAnswer
Employee
May 7, 2023

In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in  Home & Business)

 - Wages & Income

Scroll down to:

-Investment Income

   -Stocks, mutual funds, Bonds, Other

You will be asked if you got a form 1099-B. Whether you answer yes or no, the interview will allow you to continue.