Pershing 1099-B import lost "Sale Category" info

Forum|Forum|5 years ago
March 14, 2021
2 replies
44 views

I successfully imported 1099-B info from Pershing but somehow the "Sale Category" didn't come in - and now it's asking me to go into each of 500+ trades and update it based on the PDF copy of the 1099-B.

That said, the system seems to know what the Sale Category is - since it's properly tagged in the Forms | Capital Gain/Loss Adjustment Worksheet that TTax created for each trade (even before I manually correct it).

Anyone been successful in getting this data to import? Or is there an API/etc. to fix this? The sheet view in on the 1099-B worksheet is not usable.

Best answer by

I believe Turbotax fixed it all.

try it now.

bardminz

Level 2

same problem here. Please help!

I also see the correct S/L for holding period and cost basis in the tax data but in the "easy steps" it still warns lack of sale category information for every single transaction.

Anonymous

Same issue, also on J.P. Morgan too.

Anonymous

Answer

I believe Turbotax fixed it all.

try it now.

linaj20201

Level 14

If import does not go smooth, I will suggest to manually enter info. If there are too many transactions, try to sum up between long term and short term. You might still be able to e-file. Here are the steps:

In TurboTax online,

Sign into your account, select Pick up where you left off
At the right upper corner, in the search box, type in 1099b and Enter
Select Jump to 1099b
Follow prompts
On-screen, "Let's import your tax info, select I'll type it myself
Follow prompts to continue

A Form 1099-B is issued to report the proceeds from your stocks and bonds transactions. The transactions will generate either a long term or short term capital gain or loss depends on how long the stocks are being held. The amount will be reported on line 7 of your Form 1040 along with a Schedule D and Form 8949.