Has anyone got their investment sales updated for 2020 yet

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ScruffyCurmudgeon

Alumni - Champ

Unclear what you mean by "investment sales updated" - are you asking about having manually loading investment activity data into TurboTax 2020? Or are you asking about ability to upload from an investment firm?

You have not clearly stated what your activity is.

If you are asking about a financial service firm, such as a brokerage, that provides you your annual statement of taxable investment activity, that Form 1099-B/DIV/INT is not required to be available until after the end of January. The Form 1099-B in February.

If you are asking about a year-end or December, 2020,. ending statement from a brokerage, as most firms send out monthly reports some 5 days or so after month-end, that will not be available until early January.

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martdiana2002Author

Level 2

I can not load any data in that section since it indicates the Gov't has not released. It tells me it will be ready soon and to check back and TURBO TAX WILL HELP ME FINISH UP. This stops me from doing projections b4 the year end since there is only 1.5 days left to make changes. I ordered it (TT) in mid November do I have a fault in my Disc?

Also does the same on Sales tax

Mike9241

Level 15

TT does not provide updates for areas that are still pending with the IRS. it says certain forms won't be ready until mid February. even after the forms are approved by the IRS it takes time for TT to update the programming.

there may be a way to do the projection - use form 1099-DIV enter your LTCG as a capital gain dividend and net short term capital gains as ordinary dividends (not qualified)

Mike9241