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Get your taxes done using TurboTax
I am in the same boat. I relied on TT premier to import 1099 B in its entirety. This is a major flaw that TT imports Dividend and stock sell information but does not import section 1256 dealing with gains/ losses from Options/Contracts trading.
I realized that by a chance... the moment I imported 1099 B, my federal refund went down. My common sense told me that my losses on Options trading exceeded gains from stock sold. So there is no way my refund would go down.
I did a deep dive and realized TT did not import box 11.
It is not acceptable. I paid 70 dollars for TT. premier. TT incompetence would have costed me upwards of 1k in refund.
‎February 15, 2020
11:45 AM
1,715 Views