You must always check any imports against your actual 1099-B. It is up to the financial institution to properly translate their 1099-B data into tax data transfer protocol for import. TurboTax only populates the forms and fields on those forms according to the coded data provided in the import file by the financial institution. TurboTax makes no guarantees of the accuracy of imports because the accuracy depends if the financial institution translated it and coded it properly. Those data files can have errors. TurboTax has no way to know if the imported data is accurate or not.
Also, if the financial institution had an error on the 1099-B and later corrects it, often the import file is never updated.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
