form 8949

Forum|Forum|3 years ago
April 13, 2023
3 replies
0 views

I sold several stocks in 2022 that I have held for several years with dividends reinvested. I imported my stock data into TurboTax via the import tool. My 1099-B shows the stock data data correctly. I'm using the Premier TurboTax version on a PC.

But in TurboTax form 8949, only some of the transactions are listed correctly. IE: “TARGET CORP 100” etc. Another Stock that I sold and that is listed in my 1099B, “JPMorgan ,“ shows up as “CO 100” or “CO 10.709” or “CO 8.97”, etc.

Why does TurboTax not show the JP Morgan stock description correctly?

Bsch4477

Employee

Seems that some text was corrupted in the transmission. Just correct it manually.

larry1929Author

That is almost 50 entries to "correct". If there was an error in the transmission other data could also be wrong.

CarissaM

It may be able to be resolved by deleting the 1099, and reimporting it into Turbo Tax as this has fixed these issues before.

If deleting and importing once more does not resolve this, please let us know. @larry1929

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larry1929Author

I had already deleted all the imported data and reimported it with the same results BEFORE I posted my question in the forum. It appears the import mechanism is parsing the stock name incorrectly. I only made the post to let TurboTax know that they have an issue with the import mechanism.

SteamTrain

Employee

Well, the other question not yet asked.

.....is HOW did you import that data?

1) Did you import it directly into the software from the Broker's site ?

2) did you attempt to upload a PDF copy of your form 1099-B/8949?

______

IF you used #2, then that way is known to result in errors, (opinion...never import a PDF file)

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

HeatherPLO

So we can take a closer look at your specific situation, please reach out to us directly using the Help Article here. This ensures you will get to the correct department as quickly as possible.

@larry1929

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