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PAGB
Level 4

I've imported all the 1099B, INT and etc how do I delete and start over

 

I am using Turbotax Premier and in the "Investment and Savings"  part I've imported all the 1099B's and etc from the brokerage however due to wash sales I will have to use a software to make sure everything is ok. The software gives me a pdf file that I can import as an attachement into Turbotax

 

So I need to delete everything in this section and get back to the screen where it asks me how I want to enter the data. Is there any way to do this ?

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1 Reply
JamesG1
Expert Alumni

I've imported all the 1099B, INT and etc how do I delete and start over

In TurboTax Online Premier, you are able to upload a PDF copy of your broker's IRS form 1099-B.

 

Your brokerage statement includes a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered, you will enter the summary info instead of each individual transaction.  Follow these steps:

 

  • Click on Federal down the left side of the screen.
  • Click on Wages & Income down the left side of the screen.
  • Scroll down to Investments and Savings and click the down arrow to the right.
  • Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
  • Click Add investments.
  • At the screen Let's import your tax info, click Enter a different way.
  • Click on Stock, Bonds, Mutual funds. Click  Continue.
  • At the screen Which bank or brokerage is on your 1099-B, enter the information. Click Continue.
  • Do these sales include any employee stock, click No.
  • Do you have more than three sales on your 1099-B, click Yes.
  • Do these sales include any other types of investments, click No.
  • Did you buy every investment listed on your 1099-B, click Yes.  Click Continue.
  • At the screen Now, choose how to enter your sales, select Sales section totals.  Click Continue.
  • At the screen Look for your sales on your 1099-B, click Continue.
  • At the screen Now enter one sales total on this 1099-B, enter information. Click Continue.
  • Repeat as necessary by clicking  Add another sales total.  Click Continue.
  • At the screen Now we'll help you upload your 1099-B since the IRS requires a copy, select Browse.
  • Download the 1099-B in PDF format from your provider.
  • Upload successful, click Continue.

You are correct, if you have already downloaded the detail from your broker, that detail information should be removed.  The information reported on the Sales Section Totals and the PDF attachment will provide the IRS with the information that they need to review your income tax return.

 

At the screen Let's finish pulling in your investment income, click the down arrow to the right of the investment to remove.  The delete trashcan is next to the Edit button.

 

 

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