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February 27, 2025
Question

I have a 1099-B that has an amount in gross proceeds. It is a CD that was rolled over. Where do I list this?

  • February 27, 2025
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    February 27, 2025

    In TurboTax Premium Online, report the IRS form 1099-B by following 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.
    14. At the screen Look for your sales on your 1099-B, select Continue.
    15. Enter the information.  Certificates of deposit are generally reported as the Proceeds equal Cost or other basis.  Interest is reported separately.
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