See this link for the current list of TurboTax Import Partners.
JP Morgan Funds, JP Morgan Chase & Co., Morgan Stanley StockPlan Connect, and Morgan Stanley Wealth Management are listed. If yours isn't included among these, or you aren't sure, contact the company.
The imports from listed partners do work, but each brokerage/ financial institution may have different instructions for importing from their accounts, especially the larger companies, where you need to be sure you have identified the right subsidiary or type of account.
Please see here for instructions from JP Morgan Chase to import/download documents from different types of accounts into TurboTax.
Please see this TurboTax help article for more information on how to address issues with importing.
In the alternative, you can enter them manually in summary sections. TurboTax provides this option for exactly this scenario. See this discussion.
The summary sections should be on the first page of your 1099-B. It will break down the trades into four sections.
The four sections are -
- Short-term covered (owned for less than a year and the basis amount that was reported to the IRS is correct)
- Short-term non-covered (owned for less than a year and the basis amount wasn't reported at all)
- Long-term covered (owned for more than a year and the basis amount that was reported to the IRS is correct)
- Long-term non-covered (owned for more than a year and the basis amount wasn't reported at all)
After you have entered the totals into the sections that appear on your statement (you probably don't have all four) the program will offer you the option to upload a pdf of your 1099-B to attach to the return for submission.
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