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New Member
posted Feb 13, 2023 11:11:45 AM

I received 1099-B tax forms from Robinhood last week. When I try to import the form on Turbo-Tax after providing all the necessary info, does not work

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2 Replies
Level 15
Feb 13, 2023 11:20:57 AM
Expert Alumni
Feb 13, 2023 11:37:02 AM

While it may be inconvenient to not be able to import the transactions, there is a workaround that should assist you in getting the transactions entered in to your return.  

 

The 1099-B you received should have reported to you all transactions and what grouping they are in, such as short-term, covered and not covered, long-term, covered and not covered, and any others that are on the reporting form. The following should help:

 

AS long as you have a paper copy of the 1099-B, you can enter the data manually by group rather than on a transaction-by-transaction basis.  This may not be the ideal solution for you as most would prefer a direct import but this does work.  The following screen shows the grouping and your 1099-B will show the transactions per group:

 

 

Enter the totals for each group, such as short-term covered, short-term non-covered, etc., and that will enter the data on to Schedule D and/or Form 8949.

 

The IRS is more concerned with the totals than the individual transactions.

 

The following link may also help:

 

Robinhood Problems

 

@19rakhee