Bring back manual entry for 1099 Div, 1099 Int

You can follow these steps on the Desktop Software.

 

To edit or update a 1099-INT or 1099 DIV, follow these steps

1. Select Wages & Income
2. I'll choose what I work on
3. Scroll and select Interest and Dividend
4. Click Update
5. Any previously entered 1099 will appear 
6. Click Review
7. Post the edit or updated information

To post a new 1099-INT or 1099-DIV

1. Select Wages & Income
2. I'll choose what I work on
3. Scroll and select Interest and Dividend
4. You may see either Start or Update
5. Do you have investment income in 20XX - Yes
6. Import options appear - Skip Import
7. Click on the type of 1099 that you have - Continue
8. Enter the new information
9. If you wish to Add an Investment, you will repeat these steps

I hope this will help you to navigate the program

 

 

These steps worked in all the previous years of Turbo Tax.  These steps do not work in my windows desktop version of TurboTax 2024.  In previous years always did it that way but it does not work this way:

1. Click Update
2. Any previously entered 1099 will appear 
3. Click Review
4. Post the edit or updated information

 

This is not how my 2024 Turbo Tax program works. (Definitely worked this way in previous years).  Even when I go through and say skip import, it does not give me the option to edit and update. It just goes to next step.

 

I want it to work like in the past and the way that you documented the procedure.  This way no longer works. I have all the latest updates to desktop TurboTax.

Please Clarify

 

After you click Skip Import do you get a screen with five boxes?

Can you click on the investment type and select continue?

 

           

Edited 02/04/2024  9:50 PST

 

 

yes i get the 5 boxes, but when I click on continue it REQUIRES me to import a 1099B which I do not have. I can't skip the 1099B import.

When you get the five boxes, make sure you click on "Dividends", the box will turn green and it will have a checkmark on it. Make sure you did not click on the next box, "Stocks, Bonds. Mutual Funds" which would ask you for a Form 1099-B. (See screenshots below for additional guidance) 

 

You can manually enter your Form 1099-DIV as follows:

1. Click on "Search" at the upper right of your screen.
2. Enter "1099-DIV"
3. Select "Jump to 1099-div"
4. Answer "Yes" to "Did you have investment income in 2024?"
5. Select "Skip Import" on the screen that asks "Let Us Enter Your Bank and Brokerage Tax Documents"
6. Select the box that says "Dividends 1099-Div" (the box will turn green with a checkmark on it)
7. And "Continue"
8. Enter your 1099-DIV information and select "Continue"
9. Answer the follow-up screens about your dividend interest

 

 

Search 1099-DIV

 

 

Answer "Yes"

 

 

Skip Import

 

 

Select "Dividends"

 

 

Enter your 1099-DIV information

 

 

 

2024 Desktop Premium works differently on return started new and return transferred from 2023.

Return started new I can easily enter 1099-INT manually.

Return transferred in from 2023, I click on "1099-INT box" and it goes to "import 1099-B" and will not allow me to skip or to go back. I have to get out of the return & start again.

You can delete the information transferred and then enter the current year manually.   Here's How to Update or Delete Imported Data.

(2024 Desktop Premium) Catina... you did not read my post. I do NOT want to import anything.

I know.  I don't like how to enter Interest, Dividends, Sales etc. Too many clicks and screens to click on and go through. Go to the bottom and +Add Investments, then import or skip import, THEN....should be a screen with 5 boxes, pick Interest, Dividends, Stocks Bonds Mutual Funds, Cryptocurrency, or Other. Oh and Interest, Dividends and Sales are listed in the same list on the screen alphabetically. If I go to Interest I only want to see Interest!

You can switch to Forms Mode and enter them directly into Schedule B using the Dividend Income Smart Worksheet. But then they won't show up in the Step-by-Step list.

So go to the bottom and click on +Add Investments
Then to Import enter the bank or financial institution in the search box
Then double click on the item below

OR to manually enter, don't enter the bank name and click Skip Import at the bottom

THEN....should be a screen with 5 boxes, Interest, Dividends, Stocks, Bonds, Mutual Funds, Cryptocurrency and Other.

If you transferred from last year you get to a list of all your 1099s. To enter the amount click on Review which takes you to the beginning screen to import your tax info or go to the bottom and Skip Import. Then you get the screen with 5 boxes. Pick the kind of 1099 and Continue. Then that 1099 will show up.

 

I'm not sure where this will be posted so let met provide some details regarding this thread.  There was a conclusion that importing data and then trying to updated it without importing it didn't work.  I found that too.  I had filed my taxes in 2023 using TurboTax.  So when I was asked if I wanted to import my 2023 data I thought sure, that will mean less work.  They had  me importing data  from my investment accounts like I did lasts year. Then when I tried up update my data for my wife's Comcast stock account (which has no was of  importing, I was not given a way to "manually" enter it.  I entered it manually in 2023. TurboTax copied it into 2024.  But now I have too delete it because it doesn't work as a customer would expect.  Why give me the option to bring it in from 2023 and then force me to delete it and create it another way.  

Is this really how Intuit wants TurboTax to work?  I don't think so.  So who is opening a problem ticket with the programmers so they can fix it so  works ????  Does the community expert do that?  Do they post that they have taken such actions.  

I bought the product to do my taxes, and do them quicker than before.  But now I've have to start over, and do it all manually like last year.  

 

Who's answering all  my questions?

 

I read through this thread with great interest because the ability to update 1099-X entries from previous years has been removed, at least from the desktop version which I'm using. The current TTX desktop state machine seems to assume that if you've brought 1099-x information over from the previous year, when updating these 1099s you will, by default, use the import option to populate these these prior-year 1099's. For example, if the user selects "Update" for an existing 1099-X, and the user doesn't want to import their data, the only option is to select the "Skip Import" button. At this point TTX presents the user with a pallet of 1099 types to select from. If the user selects a 1099 from the pallet, the information the user enters appears as a new "1099-X account". Thus updates to an existing 1099-X results in two entries, the original (which is not updated) and the "new" (i.e. , TTX 2024) 1099-X. Not only is this inefficient, but tracking any given 1099's amounts from year to year is greatly complicated. Please look into this and consider changing the 1099-X update state machine back to the process used in previous years. The current implementation is a huge step backwards because it greatly complicates data entry.

I agree! This sucks! I have all the tax forms but I can't fill in the information. I'm out of the country with weak wifi connection so unable to download into file. There doesn't seem to be any workaround to fill it in myself. So super frustrating! Can't fill out 1099 Div or my Int from managed sweep. I want to see with my own eyes what is being reported. CHANGE THIS!!!!

I've never used TT on Windows, but always have on desktop for Mac and I think this is just the way the software is changing.  But you should still be able to add any 1099-DIV or INT you want and work on it manually, it's just the screens got way more convoluted than they used to be.  I do drafts of my 1099's, and even major brokerage trades at the end of the year for 4th quarter tax planning, so it's there, just not as user-friendly as it was before.

 

I played around with TurboTax's online product and a lot of the screens we're seeing are reflective of its online design, but obviously others are still legacy (very legacy...).  It's becoming some sort of hybrid of desktop and online, and the online design seems to be what one would expect if they're doing their taxes on their cellphones.  Common sense is telling me that the target audience of tax apps has become people who do their taxes on their phones, not us relics who type in, or at least CHECK our forms, and save a copy of their tax returns on their hard drives (amongst other places).  

This does not work.  I imported my int & div from Charles Schwab.   All looks good.   But it didn't enter the amounts on the tax form.    So I deleted the imports one at a time.  As soon as import/dividend/and capital gains were all deleted I was able to manually enter one of them on the form----- but when I tried to enter the next one it reverted back to the already entered category on the 'income page'.   [I'm using Win10 on a laptop if that affects anything]

Did you ever get anything to work?   [I'm with you- it's worked since import was possible- but not this year!]

Several users have reported problems with importing files from Schwab this year. Some reported that the files just became available in the last several days. 

 

If your financial institution is a TurboTax 1099 Import Partner, you would likely have been able to import your 1099-INT, 1099-DIV, 1099-OID, 1099-R, 1099-NEC, and 1099-MISC (without entries in boxes 8 or 10) by January 31, 2025, and likely have been able to import your 1099-B and 1099-MISC (with entries in boxes 8 or 10) by February 15, 2025.

 

However, if your brokerage issues a consolidated tax statement with several types of 1099s, which is common, you might not have been able to import any of your 1099s until February 15, 2025. 

 

If you can find out from your broker whether the statements are going to be coming out in phases, it is probably  better to wait to import until the final statement comes out. Problems with multiple statements may be an issue with way the statements are presented rather than a software issue.

 

Check here for updates to the Help Article with this information. 

 

When importing, make sure TurboTax and Windows are both updated, and temporarily disable all anti-virus software (including modem).  Make sure your broker does not require you to allow 'third party access', which you may enable in your broker account, if this applies. Some users reported that disabling security software solved the issue. See this thread for other experiences and suggestions. 

 

In TurboTax Online, you can attach a PDF of your 1099-B; however, in TurboTax Desktop, here's How to Enter a Summary in Lieu of Individual Transactions, which only requires a small amount of data entry.

 

The import went fine.  All three [int/div/capital gains] are listed in TurboTax.     But they refuse to go into the tax form.   Deleting them and trying to enter manually doesn't work.  As soon as I enter one manually, it re-downloads Schwab's forms and doesn't fill the other 2.   Somehow I finally got it to enter Div and gains--- but the .75 interest did not import.    

Annieland: Many thanks for your response, but I don't believe that the device on which TTX is used has anything to do with this issue. In fact, if a user on a phone does not employ the 1099-x import function, it's actually easier to enter 1099-x data using the "old" method because almost everything needed for the 1099 is already there.

 

Also, I never said (nor did I imply), that I cannot enter my 1099-x data for 2024. What I said was that I must create a new entry for 1099-x sources from whom I've received 1099s in the past.

 

Let's look at it another way. Under the "old" process, the first time the user entered a 1099-x for the ABC Company, TTX effectively created a database record. Each year the user added info from the ABC Company's 1099-x to this record as a new "year" field. This method provided a historical record, was easy to maintain and was very efficient.

 

The "new" method effectively requires the TTX user to create a new record for the ABC Company every year. After this new record is created, the user fills in the fields. By doing so, the historical info within a record is lost and, over time, the TTX user ends up with dozens of 1099-x records for the same company instead of one record with multiple year fields. This makes no sense.

 

It's also important to note that this new 1099-x data entry methodology only applies only to data which can be imported. All other TTX entries carried over from the previous year expect the user to enter data exactly as they did before (i.e., the 2023 info is displayed in one column and the 2024 info is added by the TTX user in the next column). So the functionality is still there, but it's been disabled for data that can be imported.

 

If TTX refuses to allow 1099-x data to be entered manually in the desktop version as it was prior to the 2024 tax year, then it's my opinion that TTX is sending a clear message that they've decided to abandon the user base that made them successful. What a shame!

Ok I was totally not meaning to sound like I'm troubleshooting what is obviously some import bugs going around.  Sorry if it sounded that way.  I've been dealing with my own desktop TT bugs aplenty this year too.  I'm just making general observations based on my decades using the software that I have concerns about the direction development is going as a fair number of bugs and interface issues carry over year-to-year without much effort to improve or fix.  I really rely on TurboTax Desktop software and overall I hold it in high regard and just hope it keeps getting as much developer attention as the online products.

 

And yes, the convenience of having pre-filled accounts is gone, yet charities remain!  That's the kind of inconsistency I'm talking about and causes me worry.

Add me to the list of frustrated users concerning manual entry of 1099 data.  I am using the 2024 desktop version for Mac.  I followed the procedure given by LindaS5247 for entering dividends after having imported my 2023 tax information.  Now I would like to enter security sales given on 1099B forms.  Once I navigate to the screen with the 5 options, when I click on the box for “Stocks, Bonds, Mutual Funds” the software takes me to a screen with a vertical list of my accounts and a suggestion to continue entering dividends.  Clicking continue does not help.  If I click on an account, I am only able to edit dividends, not enter security sales.  The only work around I could find is to create a new “investment account” and then click on the “Stocks, Bonds, Mutual Funds” box.  Then I can enter security sales, but now I have two recorded “accounts” for the same actual investment account.

 

It gets even worse.  I want to enter summary data for Box D transactions and also enter a couple of Box E transactions on form 8949.  The software does not let me do this unless I create yet another dummy account for the same investment account because once I elect summary I am locked into that mode regardless of the transaction category (covered, uncovered, etc.).  This is not the way the software used to work.

 

In short, I have spent hours trying to find ways to work around the clumsy new interface.  All I want to do is manually enter data as before and the software is placing roadblocks, not facilitating.  

Since you're using Desktop for Mac (I can't help but wonder the percentage of the current TurboTax user base, at least on this forum is at this point), does this recent thread I responded to help at all?  https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-tt-premier-2024-mac-1099-b-needs-review-circular-reference/01/3554076#M121178

I guess since you're manually entering the 1099-B the post I referenced wouldn't apply (you're not missing much, the import editing on Mac Desktop is similarly frustrating).

 

You're basically going to need to register it as a new Account for each type of form you're inputting.  Here's a tip: Type the name of the brokerage EXACTLY the same as you did for the 1099-DIV.  It will at least nest it into the same group.  I have 5 taxable accounts at Chase and my screen is nearly filled with the long list of forms entered just under that brokerage alone.

 

If you need to, just delete anything that's a "dummy" and start over, or just verify the name is the same so it nests.  This is all we can do with this bloated trying-to-be-an-iPhone type interface that seems to be in use for the foreseeable future.

Thanks for responding.  No, this does not help.  

Here are the steps I took.  I clicked Wages&Income at the top.  I then clicked that I would choose what I work on.  This takes me to the usual income summary screen.  Now I go to the Investment Income section.  If I click either Visit All or one of the Update buttons, I am led to a page with the heading “Let’s finish pulling in your investment income.”  There is a list of my investment accounts with previously entered dividend data.  I see no option to now add 1099B transactions.  There is no horizontal scroll bar that you mentioned.  All I can do is edit the dividend data.

 

The only way I could find to enter 1099-B data is to click on the add investment button.  This takes me to a screen where I can skip import, and then to a screen where I can set up a new account and ultimately add 1099-B data.  So, there seems to be a new system where a separate account is needed for each of dividends and 1099-B sales.  And, as I mentioned, different sales categories also need separate accounts.  This is really clumsy, and I am not sure whether the records will import properly next year when the developers make new changes.

 

Sadly, if this does not get fixed quickly, I will abandon this software going forward.  As for being a Mac user, the software is sold on that platform and I pay for it like everyone else.

Thanks again.  I posted my reply to your first response and only now saw your second response.  Thanks for the suggestion.  I thought of doing what you suggested and will give it a try.