Unable to go back to 1099-B-form input and correct it

Forum|Forum|2 years ago
February 6, 2024
1 reply
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When I try to go back into the 1099-B income section I am unable to access and correct a previous 1099-B entry I get a message saying Oh Snap - we have hit a snag. Please advise. Thanks.

JamesG1

Sometimes technical issues like you explain can be corrected by simply leaving the software and re-entering.

Second, in some cases, clearing your browser cache is helpful. See this TurboTax Help.

Finally, in other cases, simply changing the browser that you access the software will rectify the problem.

If you are unable to correct your IRS form 1099-B, and depending upon your version of TurboTax, you may be able to upload the IRS form 1099-B as a PDF file.

TurboTax Online Premium will download a PDF copy of your broker's IRS form 1099-B.

Your brokerage statement includes a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered, you will enter the summary info instead of each individual transaction. Follow these steps:

Click on Federal down the left side of the screen.
Click on Wages & Income down the left side of the screen.
Scroll down to Investments and Savings and click the down arrow to the right.
Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
Click Add investments.
At the screen Let's import your tax info, click Enter a different way.
Click on Stock, Bonds, Mutual funds. Click Continue.
At the screen Which bank or brokerage is on your 1099-B, enter the information. Click Continue.
Do these sales include any employee stock, click No.
Do you have more than three sales on your 1099-B, click Yes.
Do these sales include any other types of investments, click No.
Did you buy every investment listed on your 1099-B, click Yes. Click Continue.
At the screen Now, choose how to enter your sales, select Sales section totals. Click Continue.
At the screen Look for your sales on your 1099-B, click Continue.
At the screen Now enter one sales total on this 1099-B, enter information. Click Continue.
Repeat as necessary by clicking Add another sales total. Click Continue.
At the screen Now we'll help you upload your 1099-B since the IRS requires a copy, select Browse.
Download the 1099-B in PDF format from your provider.
Upload successful, click Continue.

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old codgerAuthor

Thanks for your suggestions. I am still unable to edit the manual info entered from my 1099-B. When I click the "update" icon I just get a Summary of what has already been input, which unfortunately has an error. Today I downloaded the 1099-B from my brokerage house which entered the correct info. Unfortunately it did not override the manually entered incorrect info which remained. Unless you know a way to delete the incorrect entry, I see no other solution than to start a new return. I will wait a few days before I start a new return to see if you can tell a way to delete my manually entered info which has an error. Thanks in advance for any help you can give me. i have the Premier edition.

JamesG1

In TurboTax Online, follow these steps to delete the 1099-B information.

Click Federal, then Wages & Income down the left side of the screen.
Click Edit/Add to the right of Investments and Savings (1099-B).
Click the down arrow to the right of the 1099-B income to be deleted.
Click the trashcan to the right of the Edit button.

In TurboTax Desktop, follow these steps to delete the 1099-B information.

Select Federal Taxes, then Wages & Income.
Select I'll choose what I work on.
At Your 2023 Income Summary, select Start/Update to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
Click the trashcan to the right of the income to be removed.