Download from Vanguard

[2803]

Vanguard made their 1099 consolidated form available  a few days ago. I had previously downloaded 1099 r's. When I attempted the download of the consolidated 1099 form. Turbotax reports that the form is not yet readied by Vanguard. Vanguard says they are (I can do an independent (of Turbotax) download) and that it is a problem with Turbotax . Answer would be appreciated.

[jtax]

For what its worth I succeeded in downloading consolidated 1099 from vanguard brokerage using account # and doc id today. (2/24/22). 

It could depend upon the account and what assets are held in it. There can be a delay between the availability of a PDF of a 1099 and the availability of a 1099 download in TT. Those are two different systems. 

[2803 · Accepted solution]

I was able to download the 1099 consolidated later in the day (2/24). However, turbotax did not seem able to process it properly, so I manually entered the info from the form

[Crummerjimq]

I am having the same problem with downloading from Vanguard. I see you were able to do so with the account number and Document ID....where and how do you do that since the only entry point I can see with Vanguard is the user name and password which gets the "can't download" error message. The other problem is that if I try to do the entry manually the 1099 really only does total dividends and distributions with no way I can see to break out the individual dividends for the the separate funds from the totals on the front summary of the 1099.

[CarissaM]

Please review the thread here, as this can help download from Vanguard with the doc ID. @Crummerjimq

[KCliff]

I have found that you can upload the pdf form that you got from your vanguard account. You have to select the "enter my form differently" button. You have 3 options, direct import (which did not work with the consolidated), enter by hand (which I was quite confused about) and upload document from your computer (this worked). The confusion to me was last year I converted my vanguard accounts to brokerage type. In previous years I had a FEIN (TIN on vanguard's docs) for every mutual fund. This year I have a 1099-div and a 1099-consolidated. When I do the import it only gets the -div, and I have to "review" them over and over again. Now with the consolidated you just use the one FEIN/TIN number and upload the PDF or enter the totals by hand. It should be simpler but I wasted a good hour or two until I figured it out. Also if you did the conversion to brokerage last year, you may have some individual funds from last year that you need to delete.

[jtax]

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@Crummerjimq wrote:

The other problem is that if I try to do the entry manually the 1099 really only does total dividends and distributions with no way I can see to break out the individual dividends for the the separate funds from the totals on the front summary of the 1099.

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The last time I looked into this thee was no need to breakdown and report the funds separately. For a  single 1099-DIV/INT you just report the totals and the broker as the payor. That is certainly what happens when you actually succeed in importing a 1099-DIV.

This is not the case for a 1099-B and capital gains (unless you follow a special procedure to supply the details separately.)