ℹ️ Here's the needed information you should enter in your 1099-B form in Sprintax:
• 1a - Description of Property - the number of transactions made toward one company (ex. - 10 Tesla).
❗A transaction is every sold/bought stock on your form;
• 1b - Date acquired - the very first date you bought the stocks;
• 1c - Date sold or disposed - the last date you sold the stocks;
• 1e - Cost or Other basis - the total amount on which you bought the transactions reported;
• 1d - Proceeds - the total amount on which you sold the transactions reported;
• 1g - Wash sale loss disallowed- mark if your transaction shows Wash sale loss;
• box 4, 16 - Federal/State taxes withheld- you do not fill anything there if you do NOT have taxes withheld on the 1099 forms or enter 0;
• box 14 - State name - the state you lived in while buying and selling the stocks;
• box 15 - State identification no. - you can put 0 as you do NOT have state identification number;
• Payer's details - you should enter the details of the company you traded with. For example - Robinhood. If you do not have their tax identification number - you can put 0.