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New Member
posted Mar 20, 2023 7:25:15 PM

Loading a Corrected 1099 into Turbotax

I automatically uploaded a lengthy 1099 from my broker.  I subsequently received a corrected 1099 with one small change to the cost basis on a stock sale.  I manually went to the form and used an override to correct the impacted capital loss transaction.

When I run Smart Check, I am getting a warning not to override the electronically provided numbers.

Do I need to reload the complete 1099 again instead of correcting it manually?

0 2 551
2 Replies
Expert Alumni
Mar 20, 2023 7:58:22 PM

Yes, editing numbers with an override on an imported 1099 will cause you to not be able to Efile.

 

Either delete the import and re-import, or delete the import and use the Summary Method to report your transactions. 

 

Here's more info on How to Update or Delete Imported Data.

 

@Fuddy2 

 

New Member
Mar 23, 2023 11:09:20 AM

The instructions provided did not work for me.  I use Turbotax Premier.  It was downloaded after I purchased it from Amazon.

I resolved the problem (I hope) by deleting the old 1099 and and importing the corrected 1099.