Can I import 1099 from charles schwab?

[ilovsf]

Does it work now? I still can't 2/23

[knekkanti]

its not working for me and also, export option also not available with charles schwab- seems that could be the reason to fail from TT.

[smrandall99]

I don't even have Charles Schwab as an available financial institution to choose from - 2/24

[zubinh23]

Schwab.com Service Tab, then selct "Security Center". Verify current setting below:

Third-Party Access to Account Information

You can provide third parties, like tax preparation programs, access to your account information at Schwab. Enabling access may impact the privacy and security of your accounts. If you choose to share your login credentials with third parties, their activities in your account will be considered authorized.
Read More About Third-Party Access and Your Account
OFX
Enable Third-Party Access

You are enabling access to your account information through this channel (OFX protocol). Access will be enabled with your login ID and password alone, even if you have activated a token or other two-factor authentication method. If you share your credentials with any third-party to access your account information, their activities in your account will be considered authorized.
Disable Third-Party Access

[pdwinnell]

Once I enabled this is Schwab it worked.   Intuit should have that suggestion in their software when it fails for Schwab.  The nebulous error message is lazy and useless.

[choccobo]

OK, I read this thread, enabled third party access on Schwab, but my TT (2018 Premier, home desktop version, NOT online) doesn't even list Schwab on the "Search for Your Financial Institution" page.  Hm...

[choccobo]

OK, then I updated my TT software, and it works now.  Sorry for the false alarm.

[blainecounter]

Where is the import option?? It's not showing up for me.

[slweaver]

TO IMPORT from Schwab

Log in to your schwab account

Go to Profile, security center, 

change "3rd party access to account Informatoion" to 

"enable Third-party access"

Import

change back to disable and save

[closeenough]

I had an issue with the sign-in process to the Schwab website for my 2019 return. I kept getting errors regarding my username or password.

My password has spaces in it and I finally noticed that when I hit the space bar when trying to enter the password, no character was being entered in the password box. I went to the Schwab website and changed my password to one with no spaces and was then able to sign in through Turbotax. 

[riceowl]

Yes, it's fairly easy to import from C. Schwab, once you give permission on the Schwab website, but be VERY careful when you do.  I entered my IRA withdrawals manually and later imported all information from Schwab.  The result was that my IRA withdrawals were entered twice. increasing my income by $26k.  I came very close to filing on that basis.  TurboTax should have recognized that the number had been entered twice, but it did not.  This is a serious glitch that needs to be fixed by TT.

[theloniusk]

How do I accomplish this with Turbotax Business? I'm asked about 1099 but see no reference to importing?

Thanks!

[DavidD66]

You cannot import investment related tax documents such as 1099-B in TurboTax Business.  You will have to enter manually.

[mom_to_2kids_and_2dogs]

I can't thank you enough for your post.  After two hours of trying everything under the sun, I found your post.  Sure enough, I changed the password to one without spaces and it worked!  THANKS!!

[gotchaos9t]

Yes as long as Schwab has them ready (login to Schwab to visibly see if they are downloadable as PDF) 

unless you have more than 3000 records (TTax Premiere)  (TurboTax gives an error message for that case).

If you have a house account (additional user accounts), you can disable all other accounts and then import.

Easiest is to get up to the import screen, then call Schwab & request they temporarily disable other accounts.

You will have to reinput Schwab nicknames after this approach.

Its also possible to enter proceeds, costs, wash sales...and no dates: requires attachment and no eFile.