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posted Mar 18, 2021 8:13:26 AM

Fidelity updated a1099. Should I simply re-import it (will it only import the new information) OR, delete the original import and import the updated 1099 again? TIA

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2 Replies
Level 15
Mar 18, 2021 8:37:04 AM

Delete the original and manually enter the revised form.   In most cases only the original is available for import.

Expert Alumni
Mar 18, 2021 8:40:31 AM

You may delete and re-import the financial data or you can simply update the 1099 in question.

 

If you have 1099-B forms, your total capital gains for the year minus your total capital losses result in a net gain or a net loss.

  • You can deduct a net loss of up to $3,000 ($1,500 if married filing separately). Any capital loss you couldn't deduct this year can be carried forward and deducted on future tax returns as a capital loss carryover.