Your brokerage statements should include a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered.
You will enter the summary info instead of each individual transaction. Follow these steps.
Select Federal Taxes across the top of the screen.
Select Wages & Income across the top of the screen.
Select I'll choose what I work on.
Scroll down to Investment Income.
Click to the right of Stocks, Mutual Funds, Bonds, Other.
At the screen Let’s finish pulling in your investment income, select Add investments.
At the screen Let Us Enter Your Bank and Brokerage Tax Documents, select Skip Import.
At the screen OK, let’s start with one investment type, select Stocks, Bonds, Mutual Funds and select Continue.
At the screen Which bank or brokerage sent you this form, enter the information. Continue.
Do these sales include any employee stock, enter No.
Do you have more than three sales, enter Yes.
Do these sales include any other types of investments, enter No.
Did you buy every investment listed, enter Yes. Continue.
On the screen Now, choose how to enter your sales, select Sales section totals. Select Continue.
On the screen Look for your sales on your 1099-B, select Continue.
At the screen Now, enter one sales total, enter the information. Continue.
Select Add another sales total as necessary. Continue.
You will mail a paper copy of the IRS form 1099-B to the IRS.
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