Help needed please. Importing my 1099-B's for my two accounts at my E-Trade brokerage results in the BOX A short term gains/losses being incorrectly imported as BOX B and the BOX D long term gains/losses are being imported incorrectly into BOX E. These errors are seen in the Schedule D and in the associated form 8949 entries.
Attached are the following relevant screenshots :
Note: This import problem above has no relevance to a separate 1099-B article under investigation '1099-B negative values preventing e-file submissions' as has been suggested in a different thread.
If import does not work
the solution is to
Hi Fanfare,
I am aware of the 'summary' option for the sales. It's not really a solution it is a workaround. That could be my contingency plan if the import issues aren't eventually fixed. However, because I have many lines of disallowed wash sale amounts, I will be required to mail in a statement with specific information about each individual sale per IRS requirements perhaps along with other documentation. I would prefer to avoid that.
Do you know if Intuit Turbotax can work to fix this import problem in the meantime based on the data I have supplied in this post ?
Thank you
I'm just a regular taxpayer like you, and I have no idea what TurboTax plans to do about all the 1099-B issues causing so many problems.
FYI - the very latest Tax update available today FPS version 4.3.5 doesn't solve the problem. (I updated Tax, deleted the data, re-imported and checked again)
The issue has been submitted and is currently under investigation. Please click on the following link and sign up for an email notification when it's fixed.
A Form 1099-B is issued to report the proceeds from your stocks and bonds transactions. The transactions will generate either a long term or short term capital gain or loss depends on how long the stocks are being held. The amount will be reported on line 7 of your Form 1040 along with a Schedule D and Form 8949.
LinaJ
PLEASE STOP Posting a reference to '1099-B Negative'. You did the same thing on my previous post when Turbotax was only partially uploading the 1099-B entries. This reference has NOTHING to do with either of the two issues I posted on this community board and it is very misleading.
Do you work for TurboTax?