import 1099 R problems

[mp74]

I have been successfully importing multiple accounts (wife and myself) 1099 B and 1099 R from Fidelity and Vanguard for years.  Last year I could not import from Vanguard.  Finally entered manually for 2022 tax return.

This year I plan to down load 1099 R and 1099 B from Vanguard and save to desk top.  Can I import these forms into Turbo Tax return from my desk top? 

[xmasbaby0]

Many financial institutions make their information available on their websites for you to view or print, but it is often later ----late January to mid-February--- before they have that information formatted for importing into tax software.   If you are in a hurry,  and you can see the information, you can key it in by hand.

WHEN the information is available for import, yes, you can import it using desktop TT.

[DoninGA]

You can import a Form 1099 using the desktop editions if the form is from a TurboTax partner.

See this TurboTax support FAQ for importing a Form 1099 - https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/import-1099s/L2...

[SteamTrain]

And be fully cognizant of what kind of account you have at Vanguard.

Lat year I was helping my Brother with th4 Vanguard import, and he still had both a historic Mutual Fund account, and a newer Brokerage account.  We were having a huge problem with one of them, and then realized that one of them did NOT use the normal UserID/Pwd to log into Vanguard for importing the file from within TTX....one of them used the Document-ID at the top of the PDF/paper Consolidated 1099-B statement for that account type.  But like I said, I don't remember which account type it was.

...read the login text closely when you start the import...it was obvious once we actually read the text describing what to enter as a login to start the import...we didn't, at least not at first.

[Mike9241 · Accepted solution]

 Can I import these forms into Turbo Tax return from my desktop? Not likely. this is different from importing from special files (.txf) that the brokerages have on their servers.  

[SteamTrain · Accepted solution]

To be clear...the Paper/PDF files that Vanguard issues and that you can read, those cannot be imported.

But

 The special tax files that Vanguard creates...probably later this month or early February....those can be imported into the desktop TTX software....once Vanguard makes those special files available.  (TTX "thinks" they will be available after 24 January...but that can't be known for certain)

_____

The PDF files you can read/print, and put into a file folder at home, and the special tax files needed for impot into TTX, are not normally available at the same time.

[TracyGM]

You can import multiple 1099-R's by logging out of the account on the Brokerage web page after each import.

[Ken_123]

I just ran into the same problem but worse.  I have inherited IRAs besides in mutual fund account. (Both show up in my mutual fund login).  The 1099-DIV imported just fine from the mutual login.  However, the 1099-R did not and it did not tell me!  I had to import from the Turbo Tax, Vanguard Brokerage account and then use the Account # and document number that is on the printed 1099-R forms.  I almost missed this... I now need to go back and check last years :(

[heatherusty · Accepted solution]

This is a little clunky but it worked for me. We have a taxable account and an IRA at a brokerage. Separate user name and password for each. I downloaded the taxable account first. After that download I was not given the option to use a different user name and password. The taxable account just kept getting downloaded. I then changed my default browser. I prefer Firefox but changed the default to Chrome. I then repeated the import/download in TurboTax. When the browser opened in Chrome it prompted me for a username/password and I was able to get the IRA information.

As somebody pointed out it might have been quicker to just enter the information manually but I wanted to make it "work."