topic Has anyone seen cases where duplicate data is imported from financial institutions (Smart Worksheet Sch B)? What about cases where not all data is imported? in Get your taxes done using TurboTax

Has anyone seen cases where duplicate data is imported from financial institutions (Smart Worksheet Sch B)? What about cases where not all data is imported?

cshaw_ttax — Mon, 21 Dec 2020 18:19:12 GMT

I had multiple duplicate lines for both interest and dividend income from a single institution on the smart worksheet for schedule B. The worksheet also was missing other data that should have been reported for that same institution. Result was under reporting income and IRS sent me a notice.

Re: Has anyone seen cases where duplicate data is imported from financial institutions (Smart Worksheet Sch B)? What about cases where not all data is imported?

fanfare — Tue, 22 Dec 2020 01:34:11 GMT

if you import twice, or you enter manually and import, you will have duplicates. That's all there is to it.

Re: Has anyone seen cases where duplicate data is imported from financial institutions (Smart Worksheet Sch B)? What about cases where not all data is imported?

Critter-3 — Tue, 22 Dec 2020 01:48:48 GMT

It is your responsibility to review the entire return for accuracy before you file it ... duplication of entries is one you should catch easily and correct before you efile the return.

Re: Has anyone seen cases where duplicate data is imported from financial institutions (Smart Worksheet Sch B)? What about cases where not all data is imported?

fanfare — Tue, 22 Dec 2020 02:19:32 GMT

yes even if you import just once, Turbotax has been known to mess it up.

Re: Has anyone seen cases where duplicate data is imported from financial institutions (Smart Worksheet Sch B)? What about cases where not all data is imported?

Critter-3 — Tue, 22 Dec 2020 12:03:26 GMT

Import errors are usually because the financial institution coded it improperly. That is why imports cannot be guaranteed since TurboTax has no control or way to know it the content of the import from the financial institution is accurate or not.