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As of today my robinhood securities forms have been made available to me within Robinhood, but turbotax is not finding them when I link to Robinhood. Any suggestions?
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Investors & landlords
To import your Robinhood account to TurboTax, click here Robinhood
If import does not go smooth, I will suggest to manually enter info. If there are too many transactions, try to sum up between long term and short term. You might still be able to e-file. 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
A Form 1099-B is issued to report the proceeds from your stocks and bonds transactions. 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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Investors & landlords
All the info you need to enter is on page 1 & 2 of the statement ... you can enter the interest & dividends in the proper areas and then enter the sales using the summary entry option ... total time to do this a couple of minutes.