Importing Stock Transactions for Form 1041 (Turbotax for Business)

[ktbob]

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.

[DavidD66 · Accepted solution]

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.  

[ktbob]

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.