Skip to main content
Level 1
February 15, 2022
Question

Trouble connecting webull and other brokerage

  • February 15, 2022
  • 1 reply
  • 0 views

I am currently working on my taxes and I was having trouble connecting my investment accounts to turbotax so i could import my 1099 forms automatically. I have tried multiple times with the right credentials but no luck. Is there anyone here having the same issue?

    1 reply

    Critter-3
    Level 15
    February 15, 2022

    TurboTax supports CSV files uploaded from these cryptocurrency services.

    • Bitcoin.Tax
    • BitTaxer
    • Coinbase
    • CoinTracker
    • CoinLedger
    • Robinhood
    • TokenTax
    • ZenLedger

    Unfortunately, Webull is not on the list of cryptocurrency services compatible with TurboTax.  There is the option to manually enter your cryptocurrency transactions.   Here are the steps to follow to manually enter these transactions.

    1. Sign-in to TurboTax, and open or continue your return
    2. In the Wages and Income section under Investments and Savings (or Investment Income), select Start or Revisit next to Crypto (1099-B)
    3. On the next screen, you may see Did you sell any of these investments in 2021? or Time to kick off your investments!, select either Yes or Okay!
    4. On the We can make this faster screen, select Enter a different way, and then select Cryptocurrency on the following screen.   If, instead, you’re asked to select an investment type, select Cryptocurrency
      1. You’ll then see the Get ready to be impressed screen. Select Continue, then select Try another way
    5. Select Type it in myself on the Select your crypto experience screen 
    6. On the Let’s enter your crypto tax info screen, search for your cryptocurrency exchange 
    7. On the Did you get a 1099-B screen, answer accordingly
      1.  
        1. If you didn’t get a 1099-B, skip to step 11
    8. Continue answering the interview questions to help us determine the best way to enter your transactions, then select Continue 
    9. Depending on your answers, we’ll recommend either entering your sales One by one or as Sales section totals 
    10. If you answered yes to getting a 1099-B in step 7, we’ll help you find your sales on your form. Then select Continue
    11. Enter your sale information on the next screen, then select Continue
    12. Review your sales information. Repeat these steps for any additional transactions.

     

     

     

    Critter-3
    Level 15
    February 15, 2022

    Webull is on the import partner list for the 1099 forms but it is possible they have not yet made the available for import yet ... broker statements usually are not until mid to late Feb  and you also need to make sure the forms are FINAL (sometimes as late as the end of March)  ... don't import until they are or you will need to undo/redo the import or amend the return later.   https://www.intuit.com/partners/fdp/implementation-support/tax-import/program-overview/partner-list/#1099/1098-partners