TurboTax Premier Unable to Import more than 2000 Financial Transactions

[tjmcclain62]

I am using TurboTax Premier for Windows to prepare my tax return for 2022, which is what I have used for several years.  (The program is provided on a complementary basis by Fidelity Investments.) My tax situation is not much different for 2022 than it has been in the previous several years.  When attempting to import my data from Fidelity Investments, I am met with the following message in TurboTax:

"We notice you have more than 2000 financial transactions to import.  Turbo Tax wasn't designed to handle this many transactions. We apologize! Please contact us to request a refund (go to www.turbotax.com and select Support)."

I have never run into this limitation before, and everything I find online suggests TurboTax should be able to handle 10,000 transactions.  I'm at a loss as to how to proceed to be able to complete my tax return.

[TiffanyL]

@tjmcclain62 

May I ask do you have more than one 1099 that you are trying to import from Fidelity? Can you try the steps provided below to see if that resolves your issue:

• Log completely out of your TurboTax account
• Clear cache and delete cookies
• Then log back in and see if you are still having the same issue

You can also try using a different web browser. If that does not work, please respond back here and let us know so that we can provide next steps.

[Anonymous_]

You can always print and mail your return with a summary of your transactions.

See https://www.irs.gov/instructions/i8949#en_US_2022_publink59421zd0e1698

[tjmcclain62]

Yes, I have 1099s for 3 accounts at Fidelity. 

I've followed the steps you suggested, but they don't seem relevant to the desktop version of TurboTax.

[tjmcclain62]

I may not be understanding your reply, but I would still need to actually prepare the return.  The method of filing seems to be a later step in the process.  How would I prepare the return for paper filing with this issue?

[Anonymous_]

If you read the information at the IRS web site (link in my previous post), you enter summaries instead of individual transactions which, of course, eliminates the need to import (or enter) thousands of trades.

[Mike9241]

for each 1099-B you enter summary totals for each type A short -term basis reported to IRS

type  B short-term basic not reported to IRS

type C neither proceeds nor tax basis reported to IRS

types D, E, and F are similar but long-term

then, what wasn't mentioned is that you have to print out each 1099-B and submit it by mail with IRS form 8453.

follow the instructions because there's a time limit for submitting once the federal is accepted - check the 8949 box

https://www.irs.gov/pub/irs-pdf/f8453.pdf