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December 13, 2020
Question

Can i download schwab 2019 Form 1099 to 2019 turbotax deluxe version?

  • December 13, 2020
  • 1 reply
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can i copy the detailed stock transactions in my schwab account directly into turbotax

    1 reply

    Employee
    December 13, 2020

    No.  You are too late to import 2019 data from a financial institution.  You have to enter it manually

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    Critter-3
    December 13, 2020

    How to enter a summary in lieu of individual transactions

    Your brokerage statements should include a summary of your transactions, grouped by sales category, for example "Box A short-term covered" or "Box D long-term covered". You'll enter the summary info instead of each individual transaction.

    1. Open your return in TurboTax Online (if it's not already open) and search for stock sales in the upper-right corner.
    2. Click or tap the "Jump to" link in the search results.
    3. Answer Yes to both Did you sell any investments? and Did you get a 1099-B?
      • If you land on Here's the investment sales info we have so far, select Add More Sales. Then answer Yes to Did you get a 1099-B?
    4. On the Choose Your Bank or Brokerage import screen, select I'll type it in myself.
    5. Select or enter your brokerage on the next screen and continue.
    6. On the following screen (Tell us about...) select the second option, I'll enter a summary.
    7. On the same screen, enter the total proceeds (sales) and cost basis, along with the sales category. Refer to your 1099-B for the amounts and category. When finished, select Done.
    8. Follow the onscreen instructions to enter additional sales or to view a summary.

    When you are done entering all your sales transactions, you'll eventually come to the Here's the investment sales info we have so far screen. Here you can edit, delete, or enter more sales.