1099-B data imported from Brokerage is assigned to wrong category/BOX(es)

[simonusa0]

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 :

1. TurboTax Schedule D
2. Brokerage 1099B statements for account numbers ending in xxx0259 and xxx0649
3. Sample of one of the many Form 8949's that identify each investment sale.

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.

[fanfare]

If import does not work

the solution is to

• delete the imported data
• use the "I'll enter a summary option" and
• put the 1099-B amounts in the proper sales categories.

[simonusa0]

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

[fanfare]

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.

[simonusa0]

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) 

[LinaJ2020]

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.  

1099-B negative

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.  

[simonusa0]

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?