Hi Trebor1972,
None of that stuff will aid your issue if you made the same mistake I did the past 3 years and imported my 1099-B's, TD Ameritrade was the one that killed me too, nothing to do with TD Ameritrade but it has to do with the number of Transactions. Calling support has been a major waste of time over the past 3 years (clear cache, delete cookies, reboot), now everyone is nice and very helpful but they have never been able to solve the problem, and seem to not be able to admit the limitation the online program has. Bottom Line Do Not use their be impressed import feature, you will not be impressed if you have a lot of transactions... LOL
You need to go to where the forms are and delete the tax forms that were generated when you imported, once those are deleted you can then enter all the data manually like I did this year and I am now having zero issues with TT timing out and hours of spinning cursors. If that sounds scary you can call support and they will show you how to do that. The are very useful about stuff like that. Meanwhile, you should just be able to delete this years TD Ameritrade entry from the normal area of the online program and that should delete all the tax forms generated with the import.
I am not sure why TT chose to report every single transaction when you import the 1099-B, but they do. I had professional tax person (friend) that told me you don't have to report every single transaction and that it is much easier and a much smaller tax return to just use the sums of all your Long Term Reported, Short Term Reported, Long Term Not Reported and Short Term Not Reported total sums including any wash sales. Just click the check box and select Wash and add the wash total sum and Turbo Tax will calculate the proper taxes to be paid.
You will have to go manually do the 1099-D, 1099-INT and 1099-MISC manually as well. We also had to manually add our expenses like margin interest, so do that as you normally do. Margin Interest is considered an investing expense and you can write that off your taxes. (you probably already knew that)
Let me know if with a reply if it worked for you. It is working for me and I am much more impressed with Turbo Tax Online again and pleased with the software.
