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Importing 1099 in TT for Business

This seems to be an issue from prior years.  I can easily import 1099's in the personal versions of TT, but not in the more expensive Business version.  It seems like it should be the same functionality.  Is there a way to import my 1099 in TT for Business?  Entering totals is not an option because then I need to mail the details to the IRS, which defeats the purpose of e-filing.  Also open to any work-arounds.

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3 Replies

Importing 1099 in TT for Business


@brakeshoe87 wrote:

.....Is there a way to import my 1099 in TT for Business?


No, there is no way to import tax reporting statements, such as 1099s, into TurboTax Business and there are really no workarounds (despite the fact that this functionality has been requested for years).

 

If your transactions are all covered (i.e., reported to the IRS on your 1099-B), then you can enter a summary without the need to mail the 1099-B to the IRS. 

Importing 1099 in TT for Business

That is not the guidance that I am getting from within the program.  When I enter summary info as reported to the IRS I get this message at the end of the return, which explicitly asks for the supporting details.  Note that this is a Pennsylvania return, not that that should be significant.

 
I see that the picture below may not be visible.  The message I am seeing is as follows:
"This sale represents one or more transactions aggregated on Schedule D (Form 1041).  You must attach a statement supporting the detail of each transaction included in this sale to the return before filing."
 

Screenshot 2024-03-12 112036.jpg

Importing 1099 in TT for Business

You can contact Support about the message, but you should not have to mail or attach any supporting documents unless there are adjustment codes on your 1099-B.

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number...

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