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Where do I enter income and withholdings from Form 1099-B in a 1040 return using SureFire?

🔍 Where do I enter income and withholdings from Form 1099-B in a 1040 return using SureFire?

This guide explains where to enter Form 1099-B income and Form 1099-B withholdings when preparing a Form 1040 return in SureFire.

⚠️ Before You Begin

Before entering amounts, make sure you are preparing a Form 1040 return (not 1040A or 1040EZ).

📊 Step-by-Step Guide

Step 1: Enter Form 1099-B income

Use this when you need to enter income reported on Form 1099-B.

Income reported on Form 1099-B is entered on:

  • Schedule D, Lines 1a - Totals for all short-term transactions
  • Schedule D, Line 8a - Totals for all long-term transactions

You can enter either:

  • Totals (on the Schedule D lines listed above), or
  • Each transaction using Form 8949 (if you choose to enter each transaction).

Step 2: Enter Form 1099-B withholdings (Federal withholding)

Use this when you need to enter withholdings reported on Form 1099-B.

Withholdings reported on Form 1099-B are entered on Form 1040, Line 64: Enter Federal withholding from 1099s (1099B, etc) only if the income entry form in SureFire does not have a field to enter the Federal withholding.

Step 3: If SureFire does not support the withholding entry, use a Scratch Pad

Use this when you need to enter withholding from a form not supported by SureFire.

If you need to enter withholding from a form not supported by SureFire, do the following:

  1. Go to the 1040, Pg 2.
  2. In Line 64 - Enter Federal withholding from 1099s (1099B, etc), click the QuickLink icon.
  3. Select NEW Scratch Pad and click OK.
  4. Enter the amount on the scratch pad.
  5. SureFire adds the amount from the scratch pad into the calculation.

📝 Notes

  • If you later decide to file Form 1040A or 1040EZ instead of 1040, you must do the same on the form you will actually file.
  • If you file the return by mail you should attach any 1099s with federal withholding to page 1 of the return along with W-2s.
  • For more information, refer to the Form 1040 and Schedule D (Form 1040) instructions.

📞 Still Need Help?

If you are having trouble, contact our support team:

Phone: 1-800-516-9442

Or submit a support ticket



Tags: federal,form
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