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New Member
posted Feb 24, 2021 7:30:58 AM

Can I auto-populate my 2020 tax reporting statement from USAA into turbotax? How?

USAA used National Financial Services, LLC as a brokerage for their customers. I received a year end tax statement from NFS, LLC.  How can I auto-import that data into Turbotax?

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2 Replies
Expert Alumni
Feb 24, 2021 7:47:15 AM

Yes, USAA is a  TurboTax Import Partner and you can import 1099 information.

 

If you need to enter form 1099-INT, see Where do I enter Form 1099-INT?

If you need to enter form 1099-DIV, see Where do I enter my 1099-DIV in TurboTax Online?

If you need to enter form 1099-R, see Where do I enter my 1099-R?

 

If you need to enter form 1099-B, see Where do I enter my 1099-B?

  • Your net capital gain/loss is calculated by subtracting your capital losses from your capital gains (Schedule D).
  • If you have a net capital loss, you're allowed to deduct up to $3,000 ($1,500 if married filing separately) per year as a capital loss.
  • If your net capital loss is more than the yearly limit, you can carry the loss to next year's return as a capital loss carryover

Returning Member
Mar 12, 2021 11:00:07 AM

USAA has told us they will NOT provide import capabilities for 2020.  

Has there been a change?