Form 1099-B or Form 6781

Article: 50062

Form 1099-B

To enter information for Form 1099-B, for proceeds from broker and barter exchange transactions or sales of assets:

1. Go to Federal Taxes.
2. Click Review.
3. Click I’d like to see the forms I’ve filled out or search for a form.
4. Enter 1099B in the search box and add 1099-B/8949 – Stock Transactions and Sale of Assets.
5. Enter your information and click Save.

Form 3921

Form 3921 is for informational purposes only and should be kept with your records.

You will need this information when you sell the stock; at that time, you should receive a Federal Form 1099-B, which would need to be reported on your tax return. The information on Form 3921 will help in determining your cost or other basis as well as your holding period. See the instructions for Forms 3921 and 3922 for more infromation.

Form 6781

The purpose of Form 6781 is to report:

• Any capital gain or loss on section 1256 contracts under the mark-to-market rules
• Gains and losses under section 1092 from straddle positions.

For further information on Form 6781 or on section 1256 contracts and straddles, see the Form 6781 Instructions and Publication 550 – Investment Income and Expenses.

To enter information for Form 1099-B, for gains or losses from contracts & straddles:

1. Go to Federal Taxes.
2. Click Review.
3. Click I’d like to see the forms I’ve filled out or search for a form.
4. Enter 6781 in the search box and add Form 6781 – Gains/Losses on Contracts & Straddles.
5. Enter your information and click Save.

Importing Not Available

Unfortunately, Form 1099-B information must be manually entered and cannot be imported. has increased its security and will no longer be auto-importing sensitive data. While this does mean you will need to re-enter some of the information that would have been imported in the past, you can trust that your data is now more secure. Each transaction must be entered on a separate 1099-B screen.

Combined Transactions

A combined 1099-B (sometimes referred to as a “composite” 1099-B) is a summary, provided by brokers and financial institutions, of your investment income for the year, rather than listing each transaction individually on separate 1099 screens.

If you wish to report combined stock transactions (Forms 1099-B) and the basis has been reported to the IRS, you will enter in the total amount of all Forms 1099-B together on the screen Schedule D – Capital Gain/Loss Carryovers.

If you have combined long-term and short-term transactions, you will create a Schedule D – Capital Gain/Loss Carryovers for the total short-term transaction, and then add a second screen Schedule D – Capital Gain/Loss Carryovers for the total long-term transactions.

Entry

To enter information for combined Forms 1099-B:

1. Go to Federal Taxes.
2. Click Review.
3. Click I’d like to see the forms I’ve filled out or search for a form.
4. Enter Schedule D – Capital Gain/Loss Carryovers in the search box and add Schedule D – Capital Gain/Loss Carryovers.
5. Enter your information and click Save.

PDF

After you have added your Schedule D information, you will then need to add the PDF Attachments form to allow you to upload the PDF copy of all combined transactions to be e-filed to the IRS with the tax return.

More Information

For additional information regarding Form 1099-B, see the IRS Instructions for Form 1099-B.