Question

Import 1099s from Fidelity Investment & Robinhood in Business or Personal tab?

Forum|Forum|4 years ago
March 20, 2022
1 reply
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I have 1099s from Fidelity Investment & Robinhood (Investment Income), where to import them in TurboTax? Import them in business or personal income?

TurboTax Home & Biz Windows

H

HelenC12

If you aren't in the business of trading stock (day trader), import them into your personal income.

Here's where you enter or import your 1099-B in TurboTax:

Open (continue) your return, if you haven't already
Locate the search bar. Search for 1099-B, then select the Jump to link in the search results
Select Okay! on the screen Time to kick off your investments! OR Yes on the screen Did you sell any of these investments? then Continue
- If you see Your investments and savings or Your investment sales summary, select Add investments or Add more sales
When you reach Let's import your tax info, choose how you want to enter your 1099-B:
- To import your form, select your brokerage or financial institution from the list. Enter your sign-in credentials for your account, then select Get my form
- If you want to enter your 1099-B manually, select Enter a different way, then select your investment type on the next screen
On the following screens, answer the questions about your 1099-B
When you reach the Review your sales screen, the form you just entered should be listed
- If you need to add another 1099-B, select Add another sale. Otherwise, Continue

Related Information:

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T

TheWisdomAuthor

Thanks, expert!

The 2021 EITC is eligible for Married Filing Separate. Can we file MFS when we live at the same house address? In our case, we only have EITC, I think if we are able to do that, it's better than MFJointy for this year.

M

MayaD

No. You won't qualify for the EITC.

Per IRS:

You can claim the EIC if you are married, not filing a joint return, had a qualifying child who lived with you for more than half of 2021, and either of the following apply.

You lived apart from your spouse for the last 6 months of 2021, or
You are legally separated according to your state law under a written separation agreement or a decree of separate maintenance and you didn't live in the same household as your spouse at the end of 2021.