According to this Turbo Tax categories, "If you’ve imported info for stocks, options, crypto, bonds, and/or mutual funds, and you have more than 25 transactions that need review, you could be missing any of the following:
- Cost basis
- Date acquired
- Description
- Proceeds
- Date sold
There are a couple of ways to fix this issue.
Use summary filing
Re-entering your sales using summary filing can help you avoid having to re-enter your sales one by one. Here’s how you can use summary filing:
- On the Investment summary screen, delete the sales you imported from your financial institution to prevent any duplicates.
- Skip steps 2 and 3 if you imported sales from that financial institution only. You will automatically be directed to the Did you sell stocks? screen.
- Navigate to stock sales:
- TurboTax Online or Mobile: Go to stock sales.
- TurboTax Desktop: Search for stock sales, and select the Jump to link.
- For Did you sell stocks?, select Yes. If you land on Your investments and sales, select Add investments.
- On the Let's import your tax info screen, select Enter a different way.
- Select Stocks, Bonds, Mutual Funds, and then Continue.
- Answer the questions, and when prompted with Now, choose how to enter your sales, select Sales section totals and Continue.
- You'll now be able to enter the total proceeds (sales) and cost basis, along with the sales category.
- Refer to your 1099-B for the amounts and category.
- When finished, select Continue.
- You can add additional sales totals by selecting the Add another sales total on the Review your sales section totals screen."
Before you delete entries be sure you have a copy of a brokerage statement handy so that can report summary details from each category listed on the statement.
@GeorgiaTechMan
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
