Does Turbo Tax read tax forms that are uploaded as files? Ref: "Upload your documents" page under "income"

[steve32927]

I have been unable to download tax data from Merrill into Turbo tax, Ive tried over a dozen times. Merrill acknowledges with email, Turbo Tax does not import.

[DianeW777]

A solution can be to enter summary transactions if you have many transactions. Your brokerage statements should include a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered.

You can always use direct entry if you choose, with summary totals.  The only exception is wash sales, which must be entered separately, if you have any.

Holding Periods:

• Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax)
• Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)
  • Where do I enter Form 1099-B? (Ignore import)
  • How do I mail Form 8453? (review if alerted)

The following links may be helpful for your situation.

• What if I can't import my 1099? 
• How can I fix my 1099 import issue? 
• How do I import my 1099s? 
• How do I enter a large number of stock transactions in TurboTax?

[steve32927]

I found that I could download my tax data to my computer and then upload it to TurboTax as a pdf file.  TurboTax was able to read the data on the document. There were far, far too many transactions to do them manually.