Question

Complete-check says there are "325 details to review", all of them in "Stocks, Bonds, or Mutual Funds". When I click on "Review", nothing happens. What to do??

Forum|Forum|4 years ago
March 3, 2022
3 replies
0 views

Is this a bug in TurboTax? Is it OK to file the tax return without fixing whatever the errors are?

TurboTax Self Employed Online

T

taxlady28

It is annoying but all you have to do is go to the bottom of the page of transactions to review and click continue.

J

JillS56

No, TurboTax will not let you file if there are errors. I am not aware of any bugs in TurboTax. How did you enter your 1099-B - Stocks, Bonds, or Mutual Funds? I am assuming you probably imported them. My guess is that the information did not import correctly. You are going to have to go back and review all of the 1099-B entries and verify them against a hard copy of the 1099-B. Hopefully, you have a printed copy of the 1099-B.

To get back to the 1099-B entries:

TurboTax Online

Open TurboTax if it is not already open;
Go to Federal section;
Select Wages & Income;
Scroll down to Investment Income;
Select Stocks, Mutual Funds, Bonds, Other.
Select the Brokerage Company and then click on Review
Review the transactions and verify the information is correct.

For TurboTax Desktop

Open TurboTax if it is not already open;
Go to Federal Taxes;
Click on Wage and Income and select I'll choose what I want to work on
Scroll down to Investment Income;
Click on the Start button next to Stocks, Mutual Funds, Bonds, Other
Answer the questions;
Answer I'll Type It Myself on when it asks How do you want to Enter your 1099-B
Click on Continue
Select from the dropdown on the next screen the brokerage company
Click Continue
Select I'll enter one sale at a time and click Continue
The transactions imported should be listed. Just go through each of the transactions to review and verify.

One other option is after the complete-check you will be given the choice to review. If you select review, it will take you through each item that needs to be reviewed.

P

pesachsameachAuthor

Hi,

I spoke with a Turbotax employee on the 800 phone number today. He told me I had to manually edit each line of the imported 1099-b data, click "continue" and then check "None of these situations apply" in answer to the question "Let us know if any of these situations apply". It is very tedious. I've been working on that for hours now and am down to 217 details to review. Originally there were 325 details to review. My husband said I could probably just file the tax return as is, because he doesn't think that doing this tedious task is going to affect the tax we owe. But the Turbotax employee I spoke to on the phone said I had to fix all those "errors" before I file. Are you a Turbotax employee? Because I'd rather give up on this tedious process and just file the return if it won't generate and incorrect tax return. Thank you.

T

taxlady28

Sorry you were given bad information You do not need to do this tedious task. It will not make one cent of difference in the taxes you owe. Some programmer just added this in without thinking about the mess it would cause.

T

taxlady28

It is just the way TurboTax is doing the final review this year. You do not have to manually eidt each transaction and the message does not mean that they are wrong. Just go to the bottom of that page and hit the continue button.