Will I get notified by TurboTax when my imported data has been successfully imported?

Forum|Forum|1 year ago
February 6, 2025
2 replies
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I have setup in my TurboTax account to have my tax data imported from Fidelity brokerage and from Schwab brokerage. I do not think the data will be formatted for importing until mid-February, which is understood and no problem.

My question is: Will I get notified by TurboTax when my data from each of these two sources has been successfully imported? If so, how will I be notified - by email or only by logging-in to my account?

Best answer by mglauner

FYI - I am happy to report that my 2024 Fidelity Investments [Brokerage] (a.k.a. National Financial Services LLC) tax data successfully AUTOMATICALLY Auto-import into TurboTax just like the 'Auto-import' feature said it would!

I used the TurboTax 'Auto-import' feature for my 2024 Fidelity tax data to be automatically imported into my 2024 tax return without any further action from me. The Auto-import took place overnight (on 2/14/2025).

For all you TurboTax Community 'expert' nay-sayers - - Auto-import is indeed real and it works! 🙄

However, I have not received notification from TurboTax (yet anyway) that the Auto-import of my tax data had been completed - though TurboTax states; 'We’ll send you an email once we’ve imported the forms for you.'

Being notified was actually the question and the purpose of this message topic!!!

Additionally, I fully expect my 2024 Schwab Brokerage tax data to be automatically imported into my 2024 tax return without any further action from me tomorrow (2/16/2025).

►Fidelity reported its 2024 tax data was ready for import on February 14th.

► Schwab reported its 2024 tax data will be ready for import on February 16th.

If you're at your computer during the import process, you should get a pop-up window saying something like 'your data was imported successfully'.

However, if you didn't see that, go to the Investments section and click on the topic Stocks, Crypto, Mutual Funds, Other.

On the next page, click the Down Arrow next to your import entry (it may say Fidelity, or Untitled), and you should see a brief summary that you can Edit or Delete.

@Bob in Plano

Bob in PlanoAuthor

Nobody knows the answer? ☹

Bob in PlanoAuthor

Knock-knock - Is anybody home?

SteamTrain

Employee

NO...TTX does not automatically import the data,

......you have to actually go to the income page and start the import yourself.....whenever the Files are available.

__________________

I was able to initiate the import of my Fidelity 1099-DIV, -INT, -B yesterday....(even though they indicated 15 February one-to-4 weeks ago)

...BUT, their computers may not have them all ready at the same time, and if you have any REITs, those are typically not ready until March

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Bob in PlanoAuthor

SteamTrain - What? You are not comprehending what I clearly stated. Therefore, I think you are giving out incorrect information! 😠

The reason I say that is because it doesn't jive with the information I was given by TurboTax. I'll explain again...

I did indeed already go to the income page of my TurboTax account and made the request for TurboTax to import (from Fidelity brokerage and Schwab brokerage) BEFORE the formatted tax data was available. TurboTax stated at that time the TurboTax system would 'grab' my tax data when it becomes available for importing to tax preparation software. That means importing my tax data from Fidelity brokerage and Schwab brokerage is to be done 'automatically' without any further involvement from me (because I have already made the request for it to be imported). Do you agree or disagree with this?

Again, my simple question is: Will I get notified by TurboTax when my imported tax data has been successfully imported?

SteamTrain

Employee

I think I'm right, as far as how it has worked, historically.

Could TTX have added some new auto-import function this year?...Possibly, but I haven't heard of it....and doesn't mean it isn't there.

Do what you want...wait a few weeks (no particular hurry) and see if any new 1099-INT, -DIV or -B data shows up in your file for those financial institutions. You can always initiate an import yourself in mid-March if nothing happens.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*