Does anyone have a solution for importing 1099s from Charles Schwab? I get the error message "The bank needs you to do something at their site. (108)"

[jennykanter]

When I login to Charles Schwab, there isn't anything I need to do, as far as I can tell. I'd rather import the forms as there is quite a lot of information on them.  I had no issue with importing from another bank. Thank you.

[DavidD66]

FYI, my Schwab 1099 Composite only became available online today.  You may want to give it a few days and try again.

I can't help you with the download if it's not working properly, but I can give you an alternative that is better than manually entering each transaction.  You can enter summary totals for each asset sale category.  It will require you to either upload to TurboTax a copy of your Form 1099-B, or mail it, with Form 8453, (which TurboTax will generate).  To do this in TurboTax Online:

• Click on Search and type in "Form 1099-B"

• Click on "Jump to 1099b"
• Answer Yes to "Did or will you receive a 1099-B form or brokerage statement for these sales? "
• Click on "I'll type it in myself"
• Answer the questions about employee stock, etc.
• Click on "Let's enter a summary" button and click Continue
• Enter your Investment Sale information and repeat until you have entered for each category.

After entering all your category summaries, Look for "To finish reporting these sales, follow the mailing instructions" and click on the link for these instructions:

Mailing Instructions

Take a moment to double-check that your statements are complete. For each sale listed, there should be:

 - A Description

 - Date Acquired

 - Date Sold

 - Sales Price

 - Cost Basis

 - Gain or loss for each sale

 - A sale category based on how the sale was reported to you and the IRS

In some uncommon cases, there will be an adjustment code and adjustment amount.

NOTE: Any sales summaries that include only Box A or Box D sales, and which have no adjustments to gain/loss, do not need to be included on a statement mailed to the IRS.

Here's how to mail your statements:

If you are e-filing your tax return, then mail your statements along with Form 8453 to:

 Internal Revenue Service

 Attn: Shipping and Receiving, 0254

 Receipt and Control Branch

 Austin, TX 73344-0254

If you are not e-filing, then mail your statements with your entire tax return to your local IRS office.

* The questions you are asked by the program may vary depending upon what, if anything, you may have already entered related to investment sales.

[macuser_22 · Accepted solution]

Does your Schwab account allow 3rd party access?

[SKTJ]

I am having similar issues.  I get as far as re-entering my Intuit login, then am supposed to log in to the Schwab site, but get a blank page.  Anyone else get past that page?

[EbonyA]

You may try the suggestions provided in this thread; let us know if it works for you @SKTJ.