topic Trying to download data from Vanguard Mutual Funds for 2024 in Get your taxes done using TurboTax

Trying to download data from Vanguard Mutual Funds for 2024

Rich475 — Sat, 22 Feb 2025 01:11:15 GMT

This year 2024 only Vanguard BROKERAGE appears in the Turbotax download menu, no Vanguard Mutual Funds. Why is this and do I have to do it manually (yech!)

Re: Trying to download data from Vanguard Mutual Funds for 2024

JBH0 — Sat, 22 Feb 2025 01:26:59 GMT

My best guess is Vanguard converted all of the remaining mutual fund accounts to brokerage accounts by year end 2024. They sent out separate 1099's for each if the transition was made in 2024. How they handled the downloads I have no idea.

Re: Trying to download data from Vanguard Mutual Funds for 2024

9811 — Sat, 22 Feb 2025 17:17:18 GMT

2024 Turbotax online only shows Vanguard 2024 Brokerage 1099-Div available for import (it worked). It does not show Vanguard Mutual Fund 1099-Div for 2024 available for import (thanks Vang, you are terrible again). When I use alternate method (QR, upload from desktop), it only imports the first of four funds on my 1099- Div (thanks for nothing Vang again). Thus my only solution is to skip import and enter each of my four funds 1099-Div figures as separate 1099-Divs in Turbo. I can do this but I worry it will trip something with the IRS having four 1099-Div entries from Vanguard for each of my four funds in my turbo filing instead of just one entry from Vanguard with all the four funds which is how Vang will report it to IRS. any suggestions? thank you

Re: Trying to download data from Vanguard Mutual Funds for 2024

JamesG1 — Sun, 23 Feb 2025 23:52:55 GMT

If you received four IRS form 1099-DIV forms from the financial institution, the financial institution should also be reporting the same four IRS form 1099-DIV information to the IRS.

However, you may want to retain in your income tax paperwork a record of how this income information was posted, should a tax authority have a question about the income at a later time.

@9811

Re: Trying to download data from Vanguard Mutual Funds for 2024

I_dont_understand_my_k1 — Sun, 09 Mar 2025 22:10:03 GMT

This appears to be Vanguard's latest attempt to move the last of us luddites off the traditional mutual fund web platform and onto the new brokerage platform. My guess is they would explain it by claiming that it costs money to support TT imports for the mutual fund 1099s and they don't want to spend the money because they shouldn't have to because we should move to the brokerage platform. And it's true that being cheapskates is supposed to be one of their core values.... but I still find it incredibly annoying. And I am not convinced that they haven't lost track of their core values lately anyway.

I still maintain that they will need to pry the mutual fund platform out of my cold dead fingers but forcing me to enter everything manually is painful and I don't appreciate it.

Re: Trying to download data from Vanguard Mutual Funds for 2024

crash345u — Mon, 10 Mar 2025 04:42:39 GMT

I'm right with you on that. They essentially forced me off their mutual fund platform. I was even willing to pay the additional fees to stay. I liked the mutual fund platform better, the 1099-Div and quarterly statements were easier to read, and they would take federal withholdings from my 1099-DIV which the brokerage fund won't. Now they won't support import to Turbotax. Even their website has gotten worse for doing performance and summary analysis. John Bogle would not be happy.