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Importing 1099 from Robinhood shows different numbers

I imported Robinhood's 1099 without trouble, but almost all the numbers in TurboTax are slightly off from what the 1099 PDF shows. It's more than a dollar off so it's not rounding.

Why would that be? I'm not sure if I should correct it, or if TurboTax is calculating something in the background and I should leave the numbers alone. 

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1 Best answer

Accepted Solutions
rjs
Level 15
Level 15

Importing 1099 from Robinhood shows different numbers

TurboTax imports the numbers that Robinhood sends it. But the numbers come from a special import file that Robinhood creates, not from the PDF.


Was there a gap in time (of a day or more) between when you did the import and when you downloaded the PDF? It's possible that Robinhood made some adjustments during the time between the two operations. Delete the imported information, do the import again, and download the PDF on the same day. If they are still different, ask Robinhood why the numbers in the import file that they create for TurboTax are different from the PDF.

 

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2 Replies
rjs
Level 15
Level 15

Importing 1099 from Robinhood shows different numbers

TurboTax imports the numbers that Robinhood sends it. But the numbers come from a special import file that Robinhood creates, not from the PDF.


Was there a gap in time (of a day or more) between when you did the import and when you downloaded the PDF? It's possible that Robinhood made some adjustments during the time between the two operations. Delete the imported information, do the import again, and download the PDF on the same day. If they are still different, ask Robinhood why the numbers in the import file that they create for TurboTax are different from the PDF.

 

Importing 1099 from Robinhood shows different numbers

That was it, thanks! Apparently they had issued a corrected one and didn't notify me.

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