How to import 1099 consolidated pdf?

[LenaH]

You cannot import a 1099 consolidated form. The consolidated 1099 form received from your broker may contain several parts, which should be clearly labeled on the form. Examples of some forms are 1099-INT, 1099-DIV, and 1099-B. Each part must be entered or imported in the corresponding section of TurboTax.

You can securely import your 1099 forms into TurboTax if your broker or financial institution is on our list of TurboTax Import Partners. If they're not, you can type it in yourself.

Here's how to import:

1. Sign in to TurboTax and open or continue your return
2. Search for the name of your form (like 1099-B), and select the Jump to link in the search results
3. Follow the screens and you’ll be able to import your form

To manually enter information from a 1099-INT form, you can follow these steps in TurboTax:

1. Open your tax return in TurboTax.
2. Search for 1099-INT with the magnifying glass tool on the top of the page.
3. Select the Jump to 1099-INT in the search results to go directly to the section to report your interest income.

To manually enter information from a 1099-DIV form, you can follow these steps in TurboTax:

1. Open or continue your return.
2. Search for 1099-DIV and select the Jump to link in your search results.
3. Answer Yes to Did you receive any dividend income?
4. Choose to manually enter your 1099-DIV by selecting I'll type it in myself.
5. Follow the on-screen instructions to enter your 1099-DIV.

To manually enter information from a 1099-B form, you can follow these steps in TurboTax:

1. Open (continue) your return if it isn't already open.
2. In TurboTax, search for 1099-B and then select the Jump to link in the search results.
3. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?
   • If you see Here's the info we have for these investment sales, select Add More Sales.
4. Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
5. At Let's get your tax info, choose to type it in yourself.
6. Follow the instructions.

[njlwa]

Got It Thanks

[KCliff]

I have found that you can upload the pdf form that you got from your institution. The confusion to me was last year I converted my vanguard accounts to brokerage type. In previous years I had a FEIN (TIN on vanguard's docs) for every mutual fund. This year I have a 1099-div and a 1099-consolidated. When I do the import it only gets the -div, and I have to "review" them over again. Now with the consolidated you just use the one FEIN/TIN number and upload the PDF or enter the totals by hand. It should be simpler but I wasted a good hour or two until I figured it out. 

[babyrocket]

How did you accomplish the PDF upload?  I have Turbotax 2021 desktop (Windows).

Thanks -

[DianeW777]

TurboTax CD/Download version does not support the .pdf upload option. Instead you can send a copy of your statements to the IRS.

If you are e-filing your tax return, then mail your statements along with Form 8453 to the following address within three days after the IRS accepts your tax return: 

Internal Revenue Service

Attn: Shipping and Receiving, 0254 

Receipt and Control Branch 

Austin, TX 73344-0254

If you need a blank Form 8453, you can download this pdf, enter your address information and check the box for Form 8949 (this form is really just a cover sheet).

@babyrocket

[donjofinch1]

Thanks. for directions to import.

[snipely]

A 1099 consolidated pdf works for 1099-DIV but turbo tax does not even give you the option to import from pdf for the 1099-B.  Is this in error?  Answers seem to vary on this topic.

[DianeW777]

No, it's not an error.  The Form 1099-B is sometimes very complex and not as straight forward as a Form 1099-DIV or Form 1099-INT.  There are several options to enter your information for investment sales if you cannot import directly from a TurboTax Partner.

Keep in mind: 

Wash sales cannot be combined into section totals.  They should be entered individually so that you can track your cost basis and know when you are allowed to use the information on a final sale.

The steps to enter a summary of your sales transactions is provided below.

1. Open or continue your return (if it's not already open) and search (upper right) for the phrase stock sales > Press enter
2. Select Jump to stock sales > Click on Add investments > Continue on the 'Get ready to be impressed' screen > Continue
3. Select Enter a different way > Select Stocks, Bonds, Mutual Funds, et, > Continue 
4. Enter your financial agency information > Continue 
5. Answer the questions asked > Continue to Now, Choose how to enter your sales
6. Select Sales section totals > Review the information on the next screen > select Continue.
7. You'll now be able to enter the total proceeds (sales) and cost basis, along with the sales category (Long or Short term, covered or noncovered). 
8. Refer to your 1099-B for the amounts and category. When finished, select Continue.
9. When you are done-- Next, select how you plan to submit your 1099-B > Continue       
10. You will return to Your investments and savings list for review or edit > Confirm at the bottom
11. Here's a summary of your broker sales screen where you can edit, delete, or enter more sales.

If you are e-filing your tax return, then mail your statements (1099-Bs or other document showing detailed sales information) along with Form 8453 to: 

Internal Revenue Service

Attn: Shipping and Receiving, 0254 

Receipt and Control Branch 

Austin, TX 73344-0254

If you need a blank Form 8453, you can download this pdf, enter your address information and check the box for Form 8949 (this form is really just a cover sheet)

Note: Any sales summaries that include only box A or box D sales, and which have no adjustments to gain/loss, don't need to be included on a statement mailed to the IRS. If this is all you have, then you do not need to mail anything to the IRS.

@snipely 

[snipely]

Thank you for the reply.  If the 1099-B is typically more complex, all the more reason that imoprt via pdf should be made to work so manual errors are avoided.  In any case, I'm dealing with a consolidated pdf version, from which DIV info was extracted just fine -- but TT does not attempt to get B info in the same way.   If import electronically can work from the bank, then all the relevant fields exist just as in the pdf.  The import from pdf works for interest, dividends, and cryptocurrency, but not for stocks or 'other'. The [Bring it over from my bank, upload from my computer, snap a photo] menu doesn't come up for those two categories. Seems like an opportunity for improvement.  

[snipely]

Hmmm, my 1099 instructs about 8949 and Schedule D, but no mention of 8453...  what's the purpose of a paper form for e-filing?  Thanks.

[GeorgeM777]

While you cannot upload a 1099-B in pdf file format, one possible option might be to report your sales in summary form rather than listed separately on Form 8949.  A summary report on Schedule D is possible provided basis has already been reported to the IRS and you have no adjustments to make.  

@snipely