topic With Turbotax Business Desktop, how do I Import Brokerage/1099 Data? in Get your taxes done using TurboTax

With Turbotax Business Desktop, how do I Import Brokerage/1099 Data?

iOne — Mon, 03 Jun 2019 17:16:36 GMT

With TurboTax Desktop I known that I can import Schwab data directly. But now I'm preparing a trust tax return, form 1041. There's a brokerage account involved, and stock transactions.

I'm not seeing the same option with Turbotax Business.

Is it possible to import the data using TurboTax Deluxe, then somehow transfer it to TurboTax Business? If I can't do this with TT, what other tax preparation software can import brokerage data, for a trust tax return?

" If I can't do this with TT, what other tax preparation...

Anonymous_ — Wed, 05 Apr 2023 00:14:53 GMT

" If I can't do this with TT, what other tax preparation software can import brokerage data, for a trust tax return?"

TurboTax Business can only import data from QuickBooks; it cannot import tax reporting statements from financial institutions.

I know two major consumer-level tax prep software companies that do not support importing data from Schwab (one does not support importing 1099-B forms from any firm). There is another consumer-level tax preparation company that presumably supports importing 1099 data into its business program, but I have heard that the imports typically result in a big mess.

Re: With Turbotax Business Desktop, how do I Import Brokerage/1099 Data?

D000D — Sat, 01 Mar 2025 01:10:53 GMT

Is it still true that Brokerage/1099s cannot be imported into TurboTax for Business? TurboTax personal can import Brokerage/1099s and it's now 5 years from the original post, so it seems like it should be possible now. Is it?

Re: With Turbotax Business Desktop, how do I Import Brokerage/1099 Data?

VolvoGirl — Sat, 01 Mar 2025 01:12:13 GMT

Sorry no. You still can’t import to Turbo Tax Business.

Re: With Turbotax Business Desktop, how do I Import Brokerage/1099 Data?

b-e88 — Fri, 14 Mar 2025 01:48:31 GMT

Please confirm... I too have an account with CS. The 1099 Composite is 30+ pages of data.

$80 TurboTax Deluxe can import from CS but $190 Business everything must be entered by hand?

Re: With Turbotax Business Desktop, how do I Import Brokerage/1099 Data?

MarilynG1 — Thu, 20 Mar 2025 01:16:28 GMT

Usually the 1099's (INT, DIV, 1099-B) are related to your personal return, so they can be imported into TurboTax personal products.

If you're using TurboTax Home & Business, you can use the Personal tab, under Investments, to import.

@beamcnish

Re: With Turbotax Business Desktop, how do I Import Brokerage/1099 Data?

normdd — Thu, 20 Mar 2025 02:24:54 GMT

That is all fine, but TT Business is a separate product and it will not import INT or DIV from a bank. Unbelievable.

Re: With Turbotax Business Desktop, how do I Import Brokerage/1099 Data?

b-e88 — Thu, 20 Mar 2025 16:20:57 GMT

@MarilynG1

Trusts also receive INT and DIV and many other complex 1099 forms. $190 Business, (not Home & Business) is the only Intuit product that allows filing a 1041, but does not allow for importing.

Re: With Turbotax Business Desktop, how do I Import Brokerage/1099 Data?

anolen1 — Wed, 15 Apr 2026 04:47:50 GMT

same problem this is the first year I am not able to import stock transactions. yes almost 190$ business cant import personal brokerage transactions any more. Incredible. definitely not doing this again next year!

no workaround like someone said clicking on the personal tab or something such. not an option on my screen

Re: With Turbotax Business Desktop, how do I Import Brokerage/1099 Data?

anolen1 — Wed, 15 Apr 2026 04:49:29 GMT

do not see what you are referring to. there is personal income and business income. In the personal income TD ameritrade is not even an option. for chase bank it only retrieves interest.

Re: With Turbotax Business Desktop, how do I Import Brokerage/1099 Data?

normdd — Wed, 15 Apr 2026 14:48:39 GMT

TurboTax offers a Personal edition where you can enter personal business info. The separate Business edition is for corporations and trusts and does not have the capability to import bank and investment data like the personal edition does. Big shortcoming.