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New Member
posted Mar 17, 2023 2:57:01 AM

My gain and loss boxes wont update after i put in info manually how can i fix or would i have to restart i uploaded Etrade documents to turbo tax.

i have filled out and been able to edit the boxes for other RSU/ ESPP shares but not for stock i have bought through my own ventures

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1 Replies
Expert Alumni
Mar 17, 2023 7:40:28 AM

While I cannot say for certain as I cannot see your tax return, based on the question you posed it may be that the import you made from E-Trade may be interfering somehow with the manual entries you are attempting to make.  If the information you entered for your RSU and/or ESPP shows as correct and it is the individual stock transactions that are incorrect or corrupted I suggest deleting the import from E-Trade and, if you have a copy of your 1099-B available, entering the data as single transactions per sales category.  

 

The 1099-B should guide you on what the treatment will be for including the trades on your return.  Generally your 1099-B should show the caption for the type of trade that it was - Short-term covered with basis reported to the IRS, Short-term not covered, Long-term covered, Long-term not covered.  Each section of the 1099-B needs to be entered separately.  You are allowed to combine transactions as one provided they are from the SAME grouping.  You enter the transactions in the Investment section of TurboTax as follows:

  1. On the left side of your TurboTax screen, click on Wages & Income
  2. Scroll down to "Investments & Savings" and click show more or edit/add
  3. Click on "Add Investments"
  4. Best thing to do here in my opinion is to click on "Enter a different way"
  5. Click on the box for Stocks, Bonds, Mutual Funds and then continue
  6. Enter E-Trade at the top if this was from your E-Trade account and the account number and Payer's EIN if you so choose (not required)
  7. Answer the questions on the next page, which are normally, but not always, no, no (in this case even if it is more), no, and yes.
  8. You can answer one by one and enter each group separately; if you answer yes you will need to upload a pdf of your statement.
  9. If your grouping has multiple sales, when you are asked the date acquired, click on something other than a date and choose various
  10. Follow the remaining instructions and choices.  Whichever way you answer you will receive additional instructions

If you had cryptocurrency as part of your transactions, please follow these steps:

  1. In the "Wages & Income" Section click on "Show more" or "Edit/Add" at the "Investments and Savings" line.
  2. Click on "+Add investments", then continue.
  3. Click on "Enter a different way"
  4. Click on the box for Cryptocurrency, then continue
  5. Click on "Type it in myself"
  6. Enter the payer's name, etc., click continue
  7. Answer yes if you did get a 1099-B as it appears from your question. then answer the following boxes no, yes, no, then continue, and continue again
  8. Enter the information for proceeds, dates, etc.
  9. Answer the remaining questions and you will return to your investments and savings summary screen.

 

As long as you have deleted the previous import for individual stock transactions the above should solve whatever the issue with your capital transactions is.

 

@chrisromero775