Bring back manual entry for 1099 Div, 1099 Int

[elbrecht]

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

[MonikaK1]

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.

[elbrecht]

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.    

[sdp73]

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!

[annieland]

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.

[DenJ]

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.  

[annieland]

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-ma...

[annieland]

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.

[DenJ]

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.

[DenJ]

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.

[annieland]

No problem, I jumped too fast.  I totally know what you're saying and agree.  It would SO much easier to just have us select from already entered or transferred accounts like in the past.  They changed it for whatever reason.  I went back to look at my submitted return in the walkthrough and my Chase list actually scrolls off the page it's so long, and get ready for it to jump all around as you open and collapse each account's form to edit it.  

It's not popular to advise around here, but I use Forms mode at least as equally as interview.  It's why I'm still hesitant to switch to an online product because I lose that control.  On the upside, your summaries for your sales in the forms sidebar should be easy to use to check that they're the correct type (covered, noncovered, Box E, etc.) and can edit if necessary.