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odunham
New Member

1099-B imported incorrectly?

My brokerage provides tax package with a summary at the top for each account, so I see the 1099-DIV, 1099-MISC, 1099-B, and 1099-INT key info at the top (I'm assuming this is how it's done in general). These are the numbers I refer to in order to complete my taxes, and this has worked fine in previous years. All 3 accounts have 0.00 for boxes 8, 9, 10, 11 as I look at my paperwork. TurboTax, however, has imported information that indicates gains and losses.

I'm not sure whether this means that I can't trust my brokerage, or whether I need to just delete everything that TT has imported and fill it in manually. (If I try to edit, it provides every little detail and I just am not in a position to evaluate all of that, especially as it's likely unnecessary.) Has anyone else run into this?

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1 Reply
RobertB4444
Employee Tax Expert

1099-B imported incorrectly?

TurboTax imports the complete statement not just the summary info at the top.  So there may be more information on the statement if you dig into it further.  TurboTax does not invent information to fill in to the other areas so it has to have come from the imported statements.

 

@odunham 

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