topic How do I import from Vanguard? in Get your taxes done using TurboTax

How do I import from Vanguard?

larry-omalley — Sat, 01 Jun 2019 07:13:40 GMT

You can import tax documents from Vanguard. Follow the st...

MichaelDC — Sat, 01 Jun 2019 07:13:42 GMT

You can import tax documents from Vanguard. Follow the steps below to get to the importing section in TurboTax software.

1. Log into your TurboTax account, if you are not already, and get inside of your return

2. In the search box in the top right corner, type in "import" and hit enter

3. From the drop down, select "Jump to import" and this will take you to the Import Summary screen

4. Choose "Add Other Documents" and this is where you will be able to import your tax documents

5. Select Import from my bank or brokerage and then type in Vanguard and Continue

6. This will take you to the screen to enter your login information for your Vanguard account in order to import the information into the software. Enter the login credentials and then select Continue

Re: You can import tax documents from Vanguard. Follow the st...

oceanbob6 — Mon, 02 Mar 2020 17:31:23 GMT

This import doesn't work for me this year 2020. I have two level sign in for my account at vanguard that requires a code. Does Turbotax work with this or can it not get past this sign in?

Re: You can import tax documents from Vanguard. Follow the st...

CassLO — Mon, 02 Mar 2020 22:45:49 GMT

@oceanbob6 The Turbo Tax icon for Vanguard tries to sign you in to Vanguard Mutual Funds. If you have a Vanguard Brokerage account or if your Vanguard Mutual Fund account was converted to a Vanguard Brokerage account last year then you have to type in Vanguard on the search for field instead of selecting the icon and you will see two drop down items display, Vanguard Mutual Funds and Vanguard Brokerage. Select the Vanguard Brokerage and enter your id and password for Vanguard and then your imports will work.

"MarkMulliganSr Level 1"

Please see the TurboTax FAQ below, for issues importing:

What if I can't import my 1099?

Re: You can import tax documents from Vanguard. Follow the st...

fishndave — Tue, 17 Mar 2020 03:53:33 GMT

I am also having problems importing from the vanguard brokerage account. I clearly am picking the brokerage account but I get an error "your credentials are incorrect". But I know they are correct because I can go to the vanguard.com and login using them. any ideas?

Re: You can import tax documents from Vanguard. Follow the st...

LinaJ2020 — Tue, 17 Mar 2020 22:58:09 GMT

You might want to enter the information manually.

In TurboTax online,

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

Use the same instructions for 1099int or 1099b

Re: You can import tax documents from Vanguard. Follow the st...

fishndave — Wed, 18 Mar 2020 03:53:09 GMT

yes, I know but when you have many transactions that will take forever.

Re: You can import tax documents from Vanguard. Follow the st...

LeonardS — Wed, 18 Mar 2020 15:01:47 GMT

Yes, it may take some time. However if Vanguard will not allow you to download your documents you have no other option.

Re: You can import tax documents from Vanguard. Follow the st...

KurtW — Thu, 02 Jul 2020 01:41:17 GMT

I am having the same problems with Vanguard imports. I am selecting Vanguard Brokerage and entering the same credentials that I log into the site with. I to get the reply "your credentials are incorrect". I'm just glad that I don't have too many trades to manually enter. Something is clearly wrong with the TurboTax/Vanguard interface.

Re: You can import tax documents from Vanguard. Follow the st...

krudKore — Sat, 11 Jul 2020 15:08:07 GMT

I am having so many problems with and I will not be doing business with Vanguard in the future. Schwab works well.

Re: You can import tax documents from Vanguard. Follow the st...

SusanY1 — Sun, 12 Jul 2020 22:56:38 GMT

Import problems can be frustrating. It may be easier to download a copy of your tax documents and select "I will type it in myself" to get the data into the TurboTax software.

@krudKore

Re: You can import tax documents from Vanguard. Follow the st...

fishndave — Mon, 13 Jul 2020 03:56:56 GMT

It isn't "easier". It is the "Only" way to do it when the system is broken. Turbotax points to Vanguard. Vanguard points to turbotax. But bottomline, it doesn't work and you have to hand type of a bunch of data which should have taken 5 min, turns into an hour or more.

Re: You can import tax documents from Vanguard.

StaciTax — Sun, 17 Jan 2021 21:06:38 GMT

...

Re: You can import tax documents from Vanguard.

xmasbaby0 — Sun, 17 Jan 2021 21:08:30 GMT

@StaciTax Financial institutions rarely have data ready for import before the end of January or even sometime in February. They might have it up for you to view or print from their site but NOT ready to import into tax software. Since the IRS is not accepting 2020 returns until February 12, there is plenty of time to get your data from banks, brokers, etc.

Can't import tax documents from Vanguard

Sawman54 — Tue, 09 Feb 2021 01:25:08 GMT

I can't import from Vanguard Group. I am the primary owner. My other brokerage imports fine. Does the software check using some other mechanism than SSN for determining "Primary owner"ship?

Error message trying to import

Re: Can't import tax documents from Vanguard

WendyN2 — Tue, 09 Feb 2021 01:37:53 GMT

I am taking this one only because I use Vanguard as well and this is a 2020 Vanguard internal issue that they have encountered. You may still manually enter this information as the information Vanguard has submitted to the IRS is accurate.

If you have a plethora of transactions that you are trying to upload from Vanguard directly, you can still list on Schedule D in two separate transactions - totaling one for STG/<L> and another for LTG/<L> and that is acceptable by the IRS.

Re: Can't import tax documents from Vanguard

LindseyLO — Tue, 09 Feb 2021 01:48:53 GMT

Help with importing your Vanguard documents has been provided in a thread, You can access this thread by clicking here.

Re: Can't import tax documents from Vanguard

budreag — Tue, 16 Feb 2021 19:38:30 GMT

So, the TurboTax - Vanguard import doesn't work and that is an acceptable answer? If I am required to enter this many transactions by hand, why bother with TurboTax? It seems TurboTax should be working with Vanguard to resolve this or risk losing customers. In regards to the suggestion to enter just Totals (st and lt gain/loss), I think that is incorrect. I have always needed the detail transactions.

Re: Can't import tax documents from Vanguard

MarilynG1 — Wed, 17 Feb 2021 19:30:27 GMT

@budreag If your import didn't work properly, click this link for info on How to Delete Imported Transactions.

Click this link for for instructions on How to Enter a Summary in Lieu of Individual Transactions.

The Form 8949 will have Summary Category Totals, and you can attach your Brokerage Statement to it for mailing.

[Edited 2/17/2021 | 12:29 pm]

Re: Can't import tax documents from Vanguard

budreag — Tue, 16 Feb 2021 20:34:04 GMT

Thanks for the reply but I don't think that works. First, I have already imported my brokerage account from US Bank which list detail transactions on Form 8949. If I just override the totals ST/LT gains with my Vanguard total amounts, the totals will not equal the detail supplied on Form 8949. Second, from Intuit's website, I have to file Form 8949 since I have a wash sale (see below). So, it seems my Vanguard detail transactions HAVE to be entered on Form 8949 and I can't just enter summary numbers.

It sure seems like the better idea is for Intuit to work with Vanguard and solve this problem.

FROM INTUIT WEB SITE:

There are two exceptions to having to include transactions on Form 8949 that pertain to individuals and most small businesses:

Taxpayers can attach a separate statement with the transaction details in a format that meets the requirements of Form 8949.
Taxpayers can omit transactions from Form 8949 if:
- They received a Form 1099-B that shows that the cost basis was reported to the IRS, and
- the form does not show a non-deductible wash sale loss or adjustments to the basis, gain or loss, or to the type of gain or loss (short term or long term).