ak77
Level 1

TurboTax 2023 incorrectly imports 1099-B from Schwab- Looks like it's is due to Ampersand &&

If the ampersand ("&") is in the company name (e.g. AT&T, S&P 500), then TurboTax 2023 incorrectly truncates the Description in the Investment Income Section. 

 

Example:

Description from Schwab 1099-B = "100.00 SPDR S&P 500 ETF"

Description after TurboTax 2023 Import = "P500 ETF"

 

Workaround is to manually fix these descriptions.