☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Mar 12, 2024 5:27:28 PM

Importing Stock Transactions for Form 1041 (Turbotax for Business)

How do you import stock transactions from the financial institution server for TurboTax for Business. I'm doing a form 1041 and I don't use Quickbooks. It's overkill for a trust.

0 2 2575
2 Replies
Expert Alumni
Mar 12, 2024 5:39:49 PM

The TurboTax Business program does not have an option to import Form 1099-B or other financial information from brokers and banks.   You will have to enter the information manually.  

Level 2
Mar 13, 2024 7:27:10 AM

Thanks. That's what I feared. There are over 100 of them and manual entry is very error-prone. I'll have to use Form8949.com and file a paper return or type for 3 days and e-file.

 

Hey TurboTax people: You lost a customer over this one. Your competitors figured this out. From what I can tell, the only reason you don't have it it because you want to sell another Quickbooks license. Sorry, I'm not biting. I'll just change providers.