Question

How do I import my 1099-B from Schwab's EAC?

Forum|Forum|7 years ago
June 6, 2019
8 replies
0 views

I have RSU stock sales from my company that are handled by Schwab's Equity Awards Center (EAC). All movement of the RSUs happen through Schwab's EAC, including the 1099-B tax forms. Attempting to import my EAC 1099-B from Schwab results in just the 1099-INT and direct deposit forms from the non-EAC section of Schwab. Has anyone figured out how to import this document?

TurboTax Premier Online

N

nbarwell-

"The Equity Award Center does not currently have the functionality to export data to external financial programs, such as TurboTax, Quicken, etc. You will need to manually enter your trades.

We recognize that our clients want this feature, and we are working on adding it to the EAC."
- Schwab, 2016-03-01

So this is a problem on Schwab's end. I encourage you to complain. This is ridiculous.

You *can* get the EAC / ESPP / RSU etc. 1099-B from their website:

https://eac.schwab.com/

Click "My Equity Awards"

Click "History & Statements"

Click "Statements & Reports"

Click "Tax Forms"

This question is a duplicate of: https://ttlc.intuit.com/questions/2726154-how-do-i-import-information-from-charles-schwab-equity-awa...

G

grantericstrong

I confirmed yesterday, they still haven't implemented this feature. Now I have to manually enter 100+ share sells from the 1099-B manually. 😩 At least the customer support specialist understood my pain and commiserated with me a moment.

D

demyndemyn

FYI, you may not need to manually enter every transaction. turbotax help says:

Should I summarize my sales?

If you have sales identified on your statement as Box A or Box D sales, and they don't include any adjustments to the gain/loss (e.g. a Disallowed Wash Sale amount), then you should simply enter a summary for these sales. You'll only need to enter the total sales proceeds, total cost basis, and sales category.

M

matt20

This feature really needs to be supported! (Looking at you, Schwab!)

O

Omar80

This is exactly the issue I'm seeing now. Could someone from Intuit comment on whether import from Schwab EAC is going to be supported for this tax year?

E

ehemmati

Same here, My 1099-B is imported but shows empty. It also didn't import DIV for my "Employer Sponsored Accounts", only personal account!

O

Omar80

For me it just imported the 1099-INT from my individual account, which for me is just a stepping stone to get sold shares to my bank account. I don't get any 1099-B, even though the PDF is there and has been there for a few days. I just tried importing again today, and again just the individual account 1099-INT shows up.

macuser_22

Employee

@nhe150 wrote:

try rsulove.com service or schwab1099b.com service. They charge flat fee 4.99$

There is no charge from TurboTax or Schwab for imports. That appears to be on untrusted scam website (probably to try to steal your Schwab login and password to clean out your account.)

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

M

mesquitebean

Employee

CAUTION:

I'd be wary and suspicious of the website URLs posted by new user "nhe150" above and in other similar threads. This could be spam, and for all we know, they could be dangerous sites to steal information or plant malware. I've asked a Moderator to look it into it.

F

flybyknightly

I'm having this issue in 2022. Schwab INT and DIV automatically imported perfectly; my 1099-B from RSU/ESPP sales never showed up. The only account Turbo Tax seems aware of is the brokerage account. 😞 I suspect they aren't ever going to prioritize fixing this if it's been half a decade and it's still unsolved.