1099-b worksheet is terrtible

Forum|Forum|5 years ago
February 16, 2021
6 replies
47 views

The idea of a 1099-b worksheet is good. The design and functionality of this one is terrible. Did they have any accountants actually help them design it? Trying to do a sale of land for one client and sale of second home for another and I'm trying to follow instructions and intuit "help" but I'm not finding this easy at all. Either I'm getting old or this make no sense at all.

ProSeries Professional

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Just-Lisa-Now-

Intuit Community Champion

It works fairly similar to the old Sch D entry screen, just scroll down past all the brokerage info.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

A

akamaimtg

Level 3

I do have a question regarding 1099-B Brokerage and Barter. A son was given stocks as a gift. The mother gifted $15,000 and the father gifted $15,000. The investment firm issued various 1099's (dividends and proceeds from sale of certain stocks) which was reported on Proseries.. In addition, the consolidated 1099-B shows the full amount of proceeds gifted but this should not be reported unless there is a sale, correct?