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April 9, 2025
Question

What does "basic support" mean for Turbo Tax Basic on investments? It's is very vague if i can enter my stock sales or not.

  • April 9, 2025
  • 1 reply
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April 9, 2025

Yes, you can enter your stock sales yourself. You are not required to import any sales. Follow the steps below to enter your 1099-B.

 

Enter the information in TurboTax by using the steps below. 

Open your TurboTax Online return:

  1. Select Tax Home on the left panel > Select any Income category or Pick up where you left off
  2. Select Tax Tools > Tools > Select Topic Search > Type 1099b  > Select GO (should be landed on 1099b)
  3. Select Add Investments if your 1099-B is not yet present in your list
  4. Continue to follow the prompts to enter the information yourself

Open your return in TurboTax Desktop:

  1. Select Personal Income > Scroll to Investment Income > Select Stocks Cryptocurrency, Mutual Funds, Bonds, Other
  2. Start or Update > Continue to follow the prompts to enter your 1099-B details

The sale of any investment is required to be included with your tax return, gain or loss.  Information from the link below may be helpful

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