Question

I received a 1099-B. It does not give an applicable check box on Form 8949. How do I enter in Turbo Tax?

Forum|Forum|6 years ago
February 25, 2020
1 reply
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TurboTax Self Employed Online

TurboTax will automatically generate Form 8949 when you enter Form 1099-B details.

The applicable check box is typically listed in the fine print just below the header of the short-term and long-term summary pages. The broker is required to allocate your transactions in this way.

Click the links for more details on how to enter these transactions in TurboTax:

Where do I enter a 1099-B?

Where is Form 8949?

B

booneville63Author

Thank you for the reply. I have attached a picture of the 1099-B that I received. I'm not sure how to report or if I should report.

D

DavidD66

Yes, you shold enter the 1099-B. You will have to determine the cost basis. If you can't determine the cost basis, you can use zero. If you know the date of acquisition, enter ti, if you don't use "Various". It is an "Uncovered" transaction, so indicate that it is either Box C - Short-term noncovered, or Box E - Long-term noncovered. If you owned this asset more than one year, use E. If one year or less, use C.

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