Import 1099 pershing llc

[rok]

same issue, any solution or alternate?

[AshleyLO]

@rok Have you looked over this help article for assistance with importing your 1099? How can I fix my 1099 import issue?

If this article doesn't offer any further help, please reach out to our live representatives for assistance: Contact TurboTax

[Andrew]

So I called Pershing /  net investor and left a voicemail which surprisingly was returned.   Bottom line:  Motif did not pay to have Netxinvestor set up to import into Turbo Tax.    Motif shut their doors, sent money back to investors and went out cheap.   Your only resolution is to manually enter your 1099 B into Turbo Tax.    However this is really not a big deal because TurboTax allows you to enter the total amount of capital gains and dividends and there is no requirement to enter enter each individual trading transaction.  I have two 1099B’s from motif one is 108 Pages while the other one is 216 pages that would be quite a lot of entries if I had to enter each transaction.  Note that you must distinguish and enter the subtotal of short term capital gains and the subtotal of long-term capital gains from the 1099B separately when you enter into TurboTax.  Therefore  look for the sub total amount on your netxinvestor 1099 for the short term gain transactions and the subtotal for the long-term gain transactions.   Then look at this section for dividends and enter the sum total of dividends from the 1099B. This is actually quite simple and only  took me a couple minutes.  There was never any need to enter or import all the individual transactions from the motif account so I wasted my time trying.   

[Ari6]

Just wanted to say thank you for posting this update. I have been trying for over an hr to get this to work... I'm relieved to hear that i can do just summary. Thanks for write up!

[mnschur]

yes...same thing here :(

[LindseyLO]

Help with importing your 1099 has been provided by clicking here. 

[michaelmiami]

Bravo rfreiss for cracking the code - it worked for me! You have incredible patience!  Thank you.

TURBOTAX - What kind of nonsense is this with a financial ID or financial institution code just to log in to import my data? All the others are just a user ID and password, which should be secure enough. How about giving a hint as to where one might find this mysterious code? I tried the EIN and looking all over the relevant 1099 for some oddball code and nothing. I finally searched the web and found rfreiss's generous answer.

Why don't you make it a little more complicated?! I only spend half an hour to find that ridiculous code! Don't go blaming it on Pershing. Come on, guys, your product is supposed to make life easier, not more difficult.

[mstrings]

same issue

[lkp1]

I know that I have all the information correct in terms of Financial Institution number, user ID, and password.  When I enter them, the "Continue" stays gray, and I cannot click it. WHY??? 

Any help would be appreciated because I do not want to spend hours entering this by hand since I am supposed to be able to import it!

[HeatherPLO]

Please see the Help Article here for further instructions.  The details mention Charles Schwab, but this is for example purposes.  

If this still does not work, please reach out to us directly using the Help Article here.  This ensures you will get to the correct department as quickly as possible.  

@lkp1