I have dowloaded Interactive broker to my Turbo Tax. At IB the information is correct but after transfer into TT is totally incorrect. I understand some cost basis needs to be added but proceeds and costs are in the millions vs in 100 thousands. Removed and downloaded twice do I go to mannual entry?
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If the import process is not recognizing the digit notation of your 1099-B, you can manually enter the form - follow the below instructions for your product type.
Manually enter your 1099-B in TurboTax Online by following these navigational steps:
Manually enter your 1099-B in TurboTax Desktop by following these navigational steps:
Unfortunately I have mentioned 8949 as a day trader this means hours of work. If only I can download a expanded TT 8949 to compare with the IB download.
Also it takes different tries to get to the actual program due to turbo tax not working and stuck on Updater.
I have worked for many years with TT and this is the buggiest yet.
Unfortunately no one reads the questions , answers are always simplistic as if going to manual entry is the answer. My 8949 is 4 pages am I to spent hours trying to fix the problem. Now on another account cannot dowload InterActive brokers even though all is correct query token and connection is established , after using TT for so many years I cannot belive your instructions is to enter manually again. This is your problem own up to it.
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