VAer
Level 4

TurboTax: Errors after importing 1099

I don't mean errors, they just require manual edit. Almost all are SPX option related, and it is painful to find/fix them one by one. It seems that TurboTax does not import well with Apex Clearing option trading transaction, no error with TD Ameritrade.

 

Can I delete imported 1099 forms then manually enter summary number? Then uploading 1099 forms?

 

I don't want to deal with each trade transaction. I am relatively active trader (SPX option).

 

  1. If importing form 1099, there are still 182 areas requiring manual fix. TurboTax does not get all the information.

  2. If manually entering, I can only manually enter summary numbers (SUMMARY OF PROCEEDS, GAINS & LOSSES, ADJUSTMENTS AND WITHHOLDING). Does TurboTax software allow uploading 1099 forms?

 

Thanks.

 

TurboTax Error.jpg

Apex Clearing.jpg