How to Enter 1099-B Capital Gains & Losses into Tax Software

Let's enter 1099-B capital gains and losses and stock sales into FreeTaxUSA and TurboTax software. We will go over the difference between long-term and short-term sales that are reported and not reported to the IRS, as well as Wash Sale adjustments.

Sources:
IRS 1099-B:

——————————DISCLOSURE———————————
The information presented in this video is for informational and educational purposes only. It is not intended to render tax advice for any specific situation. Those needing assistance with a specific situation should consult with a qualified Tax Professional.

The information in this video is based on current tax law and IRS regulations as of date of publication and is subject to change.

#taxguide101 #akistepinska

[gustavobakit]

Great video! Very appreciated your time and effort on doing it and sharing it.

[VolkmasterBlood]

Damn, perfectly fit my situation! Thank you!

[LifeLens]

Can you please do one for charles schwab their 1099 Composite and Year-End Summary is so hard to read.

[johnnyjohn]

Hi.. Great video! So if i put a summary of my stock sales, i need to send the 1099-B from those brokers? Even if i have a 100 page long 1099-B, I still need to send it right?

[rixerman]

I received a 1099-b for selling employee stock options. But this amount was already reported on my W2 with taxes withheld. If I enter the 1099-b into FreeTaxUSA, it makes it appear I have double proceeds from the stock options? Any advice on how to adjust and report correctly? Thank you in advance.

[vickijd]

Trying to do my own taxes this year with FreeTax USA. I have a UBS statement that has 2a Total capital gains distributions...does this count as a sale of stock? The bottom of the statement has the Form 8949, but I'm not sure how to even get this information into FreeTax USA, as it is not coming up at all! Thank you for your help!

[peilo]

I have 1099-B box 1f Accrued Market Discount. Are you able to make a video for how to report this on form 8949? Thank you!

[johnmillas]

Schedule D looks easy to fill out. I thought it might be complicated. Since there was a wash sell in the example given, does that mean you have to also fill out a form 8949 for the wash sell adjustment.

[vishprab]

Great video. I had a question regarding sell to cover. I have my brokerage sell to cover but it shows 0 in tax withholding. What does this mean? What happened to my sell to cover tax withholding

[tanchamalimbu]

I would love to see free tax USA only how to file recent Robinhood 1099- b tax

[michaelp]

it seems that in HR Block and further research on the internet that i have to enter every single stock transaction that i made. here you state i only need to enter the Summary totals. ?

[cjeccher]

why do I need to upload my 1099 b to turbo tax. doesn't my brokerage firm send that form to the IRS. THANKS

[tanchamalimbu]

Can you upload 1099-b on free tax USA ?

[everydaymagicwithashlee]

what if you supplemental doesn't have the proceeds on the reporting statement?

[spejr]

The video is helpful, but: You're going too fast, remember this is an educational video and unlike you we don't know everything about filing taxes. So slowing down would have made this a better video. Also, your heavy accent makes it even harder to follow you as you explain things. Again slow