Skip to main content

1 reply

March 6, 2023

Do you mean 1099-B?  Or do you mean something else?

 

You may receive multiple 1099-B's.  But all of the entries will be reported on IRS form 8949 / Schedule D Capital Gain and Loss.

 

Adding additional  1099-B's into TurboTax makes it easier to review 1099-B entries before they are re-sorted by long and short term and gain and loss on Schedule D.

 

A broker must file IRS form 1099-B for each person:

 

  • For whom, they sold stocks, commodities, regulated futures contracts, foreign currency contracts, forward contracts, debt instruments, options, securities futures contracts, etc., for cash,
  • Who received cash, stock, or other property from a corporation that the broker knows or has reason to know has had its stock acquired in an acquisition of control or had a substantial change in capital structure reportable on Form 8806, or
  • Who exchanged property or services through a barter exchange.

@tquinn3219 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"