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March 14, 2021
Question

How can I have TurboTax import all my 2020 tax forms and paperwork

  • March 14, 2021
  • 1 reply
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I originally had answered in the negative when I was asked if I wanted to have that done

1 reply

March 16, 2021

You can import the individual forms. The instructions have a step where you'll be able to import or type it in yourself. 

 

To import your 1099-B, see Where do I enter a 1099-B? Step #5 allows you to import. For stock transactions: 

  • Your net capital gain/loss is calculated by subtracting your capital losses from your capital gains (Schedule D).
  • If you have a net capital loss, you're allowed to deduct up to $3,000 ($1,500 if married filing separately) per year as a capital loss.
  • If your net capital loss is more than the yearly limit, you can carry the loss to next year's return as a capital loss carryover.

If you need to enter form 1099-INT, see Where do I enter Form 1099-INT?

If you need to enter form 1099-DIV, see Where do I enter my 1099-DIV in TurboTax Online?

If you need to enter form 1099-R, see Where do I enter my 1099-R?

 

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