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Level 4
posted Feb 14, 2022 5:32:33 PM

Import 1099B data into TurboTax Business 2021

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!

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1 Best answer
Level 15
Feb 14, 2022 5:37:15 PM

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.

7 Replies
Level 15
Feb 14, 2022 5:34:44 PM

There is limited support in TurboTax Business for importing data.

 

Basically, the program only supports importing data from QuickBooks.

Level 4
Feb 14, 2022 5:36:01 PM

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

Level 15
Feb 14, 2022 5:37:15 PM

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.

Level 4
Feb 14, 2022 6:40:52 PM

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.

Returning Member
Feb 19, 2022 11:06:49 PM

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. 

Level 4
Feb 20, 2022 6:19:41 AM

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

Level 15
Feb 20, 2022 7:13:42 AM

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