So I called Pershing / net investor and left a voicemail which surprisingly was returned. Bottom line: Motif did not pay to have Netxinvestor set up to import into Turbo Tax. Motif shut their doors, sent money back to investors and went out cheap. Your only resolution is to manually enter your 1099 B into Turbo Tax. However this is really not a big deal because TurboTax allows you to enter the total amount of capital gains and dividends and there is no requirement to enter enter each individual trading transaction. I have two 1099B’s from motif one is 108 Pages while the other one is 216 pages that would be quite a lot of entries if I had to enter each transaction. Note that you must distinguish and enter the subtotal of short term capital gains and the subtotal of long-term capital gains from the 1099B separately when you enter into TurboTax. Therefore look for the sub total amount on your netxinvestor 1099 for the short term gain transactions and the subtotal for the long-term gain transactions. Then look at this section for dividends and enter the sum total of dividends from the 1099B. This is actually quite simple and only took me a couple minutes. There was never any need to enter or import all the individual transactions from the motif account so I wasted my time trying.
