Import 1099B data into TurboTax Business 2021

[TahoeJeff]

Hi experts and self learned!

Where is the feature to import 1099B transactions into TTax Business? I've imported data for many years into Turbotax personal versions, but now not seeing the option on TurboTax business. Now that I've gone through all the blank screen install hassles, I'm feeling pretty frustrated if you can't do the same import into Business! Hoping someone knows how to do this?  Thanks in advance!

[Anonymous_]

There is limited support in TurboTax Business for importing data.

Basically, the program only supports importing data from QuickBooks.

[TahoeJeff]

OMG, do they not think Businesses do the same as personal investors? That's typically the best structure to trade in!

[Anonymous_ · Accepted solution]

The support in this area has been limited for years.

Unfortunately, it does not appear as if it will change anytime in the near future.

[TahoeJeff]

OK thanks for the clarification. Seems very short sighted, they already wrote the code and integration platform years ago. Why not include it in all products where importing basic income data might be needed.

[acqua18]

I spent at least 10 hours researching and talking TT reps.  For business there was no import feature as of last year. Not sure 2022. I tried to use trader=log software and that is difficult to use too. 

[TahoeJeff]

Yea I think you have to enter manually in summary form, hard to do with some brokers I've heard

[Anonymous_]

You can enter in summary form. You do need to mail in the tax reporting statement from your broker.