when will turbotax allow to import 1099b form from robinhood. it is march 5 today, and still unable to import 1099b from robinhood. paying for premium turbotax package is not enough for importing simple form, then need my money back. I dont think mailing 1099b to IRS and with filled out form is solution. it is 2022. fix it soon
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Are you currently receiving an error message upon attempting the import? in the interim, please review the FAQ below:
I am using TurboTax premium on PC. There is no option to import from Robinhood. Robinhood is not listed on institutions you can import 1099b. The only choice I have is to enter it myself. Is there any update coming where I can import from Robinhood? Or I have mail my 1099b with filled out form to IRS. Please don't tell me my only option is mailing my 1099b.
Please reach out to TurboTax Customer Support and request to speak to a tech support agent who can assist with this issue.
What is the TurboTax phone number?
"Please don't tell me my only option is mailing my 1099b."
As an active investor, be aware that your category Box A or Box D sales without adjustments do not require Form 8949, so there is no reason to import or key in those transactions.
Instead use the "enter a summary" option to put your numbers on Schedule D Line 1a or Line 8a.
No mailing is necessary.
Thank you for your help. Finally I was able to import both Robinhood 1099b and crypto.
I have a couple hundred $ showing up on my Robinhood 1099-B under "Short B (basis not reported to the IRS)".
TurboTax Deluxe on PC/Mac is telling me to "You'll need to mail a paper copy to the IRS.
If you're e-filing your tax return, then mail your statements along with Form 8453 to:
Internal Revenue Service
Attn: Shipping and Receiving, 0254
Receipt and Control Branch
Austin, TX"
I see that Turbotax has generated a filled out form 8453 for me, as well as form 8949 and Schedule D.
Do I now physically mail these three form AND my 1099-B from Robinhood?
Why wouldn't TurboTax e-file it? I am e-filing all of my taxes. I see that TurboTax will e-file just form 8949 and Schedule D (it gets generated for the final package ready to be e-filed), and form 8949 says "see attached statement".
I am confused now. so this form will get e-filed without the statement?...
And then I should mail it to IRS AGAIN with my 1099-B attached?
Any input is appreciated.
Thank you
If you're e-filing, you only need to mail the IRS a copy of your 8949 (along with Form 8453) if you entered sales section totals for one or more sales categories (instead of each individual sale) and one of the following is true:
If this doesn't apply, you won't need to mail anything.
Here's more info on Mailing Form 8949 for Summary Totals.
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