If import does not go smooth, I will suggest to manually enter info. For import, there is a limit on how many transactions TurboTax can handle. See blue links below. It could be due to there are too many transactions that caused issues. Here are the steps:
In TurboTax online,
- Sign into your account, select Pick up where you left off
- At the right upper corner, in the search box, type in 1099b and Enter
- Select Jump to 1099b
- Follow prompts
- On-screen, "Let's import your tax info, select I'll type it myself
- Follow prompts to continue
For more information, click here:
how many stock transactions TT can handle
Import / crashed
The transactions will generate either a long term or short term capital gain or loss depends on how long the stocks are being held. The amount will be reported on line 7 of your Form 1040 along with a Schedule D and Form 8949.
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