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herbnesther50
New Member

Can I import Fidelity to my Turbo TAx?

I need the Tax Reporting Statement from Fidelity.  Can this be done?
13 Replies
JulieCo
New Member

Can I import Fidelity to my Turbo TAx?

Fidelity Investments is a partner with TurboTax for importing taxpayers investment income information.  

Here are steps for how to import your investment income (1099-B, 1099-INT, 1099-DIV) activity into TurboTax:

https://ttlc.intuit.com/replies/3389470

Anonymous
Not applicable

Can I import Fidelity to my Turbo TAx?

Does TurboTax 2020 import Form 5498 from Fidelity Investments?

SamS1
Expert Alumni

Can I import Fidelity to my Turbo TAx?

No. Form 5498 is for informational purposes only. You are not required to file it with your tax return. This form is not posted until May because you can contribute to an IRA for the previous year through mid-April. This means you will have finished your taxes before you receive this form. 

Anonymous
Not applicable

Can I import Fidelity to my Turbo TAx?

Many thanks SamS1 for such a great reply. I appreciate your explaining why the form is not need now. Your explanation is very understandable. Thank you.

etccdb
Returning Member

Can I import Fidelity to my Turbo TAx?

can't import 8283 from fidelity to turbo tax

ChondelLO
Intuit Alumni

Can I import Fidelity to my Turbo TAx?

Are you receiving an error message when you attempt to import Form 8283 from Fidelity to TurboTax? If so, what message are you receiving?

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etccdb
Returning Member

Can I import Fidelity to my Turbo TAx?

fidelity is giving me the info in a pdf which apparently cannot be downloaded into turbo tax

 

AkinaLO
Intuit Alumni

Can I import Fidelity to my Turbo TAx?

Please make sure you have 3rd party authorizations with Fidelity because Fidelity rejects accounts without 3rd party authorizations. 

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Beeblebrox
New Member

Can I import Fidelity to my Turbo TAx?

Does anyone know how to setup third-party authorization with Fidelity? 

I talked to Fidelity technical support and they were not aware of it.

 

With Schwab, it's very simple. Schwab even bypasses two-factor to allow the authentication. That's why you should disable third-party with Schwab once the import completes successfully.

ReneeM7122
Level 8

Can I import Fidelity to my Turbo TAx?

You can import your Fidelity transaction into TurboTax. Here is a TurboTax article that explains how.

And another article about how selling stock affects your taxes.

 

@Beeblebrox

Beeblebrox
New Member

Can I import Fidelity to my Turbo TAx?

Actually, I solved my problem with importing from Fidelity into TurboTax.

 

As it turns out, TurboTax has problems with long passwords. My Fidelity password was 25 characters long. I changed it temporarily to 8 characters, and I was able to login to Fidelity from TurboTax and successfully imported my tax data. I then changed my Fidelity password to 20 characters (for security), since Fidelity now has a 20 character password limit.

hLm46
New Member

Can I import Fidelity to my Turbo TAx?

Is the import only for 1040 returns or can you use it for trust returns 1041

pattif12
Expert Alumni

Can I import Fidelity to my Turbo TAx?

The import feature is not available for Form 1041, Trust returns.

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