I am importing INT and DIV from Merrill Lynch via TTAX. There are a total of 27 1099s to import. I previously imported 2 1099s and they showed correctly on the "Received From" summary. I then selected the remaining 25 1099s, After I import the remaining 25, the 2 original 1099s no longer appear in the "Received From" summary. Is there an import problem with Merrill or can I only import one time to avoid errors?
Since the 1099s come in groups, often at different times, we need the ability to import 2 and more times.
You should delete all of the 1099s you have downloaded and re-download them all at once. You wait until you are sure that all of the 1099s you are going to receive are available from Merrill Lynch before re-downloading.
Is this answer still current?
I usually receive several corrected 1099s from brokerage houses after I have already imported all my data into TurboTax and completed the first draft of my taxes. Can I reimport a selected (amended) 1099 from a particular brokerage firm, or do I first need to delete the data from that brokerage firm to avoid duplicate data import?
@sfvoyage wrote:
Is this answer still current?
I usually receive several corrected 1099s from brokerage houses after I have already imported all my data into TurboTax and completed the first draft of my taxes. Can I reimport a selected (amended) 1099 from a particular brokerage firm, or do I first need to delete the data from that brokerage firm to avoid duplicate data import?
You need to delete the information already entered on the tax return if you will be importing from the same brokerage and for the same account again.
Thank you.
When I go into "Federal Taxes", "Wages & Income", "Import Summary", a list of "documents you have imported" show up. When I click on, for instance, "Fidelity Investments", a list of my accounts show up (whose data I have previously imported).
However, I can only delete at the company (e.g. Fidelity) level, but not at the account level. Therefore, even if I just need to reimport data for a particular account at a particular brokerage firm, it looks like I'll need to delete all my accounts at that brokerage firm before reimporting the data.
Is my understanding correct?