Question

Downloading data from brokerage

Forum|Forum|5 years ago
March 31, 2021
1 reply
0 views

It looks like all information is not downloaded. On Review I have 463 errors, I cannot possibly add all the information needed / requested by the turbo-tax program? Can these ne bypassed?

L

linaj20201

If import does not go smooth, I will suggest to manually enter info. For import, there are a limit on how many transactions TurboTax can handle. See blue links below. Here are the steps:

In TurboTax online,

Sign into your account, select Pick up where you left off
At the right upper corner, in the search box, type in 1099b and Enter
Select Jump to 1099b
Follow prompts
On-screen, "Let's import your tax info, select I'll type it myself
Follow prompts to continue

For more information, click here:

how many stock transactions TT can handle

Import / crashed

You would receive a Form 1099-B if you have sold your stocks and bonds transactions during the year. The transactions will generate either a long term or short term capital gain or loss depends on how long the stocks are being held. The amount will be reported on line 7 of your Form 1040 along with a Schedule D and Form 8949.