Errors in imported Consolidated 1099 data from Edward Jones

[Bill_Tran]

I bought and downloaded TurboTax Deluxe (tax year 2025) from Amazon. I didn’t start my taxes until March 10, 2026, so all the financial institutions had their forms ready. In the income section, I imported two forms 1099-R from Edward Jones and one form 1099 Consolidated form which detailed all purchases and sales. Turbo Tax had me go back through the forms 1099-R and check all the entries. Apparently, the state field didn’t come through. This didn’t happen with my other financial institutions. When I got to the end of the program and Turbo Tax did the check, it found over 300 entries in the imported 1099 Consolidated data that I had to correct. That meant I had to call up the actual Consolidated form I downloaded myself from Edward Jones and spend hours correcting errors of omission in two fields: (1) Digital? Y/N and (2) Short or Long Term? The form Turbo Tax displayed for making corrections was very small and hard to read and scroll through- very clunky.

These errors also showed up in 2023 and 2024, but to a much lesser extent. Maybe 10 corrections in 2023 and 30 corrections in 2024. Each year I’ve checked for solutions from tech support but only found the standard “delete cookies, clear cache, try different browser” suggestions, which I’ve tried and don’t work. Fortunately, I was able to figure out back then how to make the corrections manually. In going through the imported data, I did notice hundreds of other entries that were imported just fine from the same fields as the entries missing data. And I don’t know where the problem with the “Digital” property is coming from since I don’t have any. I hope this problem gets addressed before 2026 taxes as I know I'm not the only person experiencing it!

[DavidD66]

The problem may very well be with the data that is imported and not what the program does with the data.  If you want to avoid having to review and correct/add information to the imported 1099, consider reporting summary totals.  To do so in TurboTax, while logged in to your return: 

  

• In the wages & income section, Select "Investments and Savings...."  
• On the page "Did you have investment income in 2025?"  Answer Yes, or
• If you've already started the section, click on "Add Investments" at the bottom of the screen
• On the page "Let's Import your tax info" click on "Enter a different way" 
• Select "Stocks, Bonds, Mutual Funds" on the page with "OK let's start with one investment type" 
• When asked "Which bank or brokerage is on our 1099-B?" enter the name of your or broker or mutual fund company, leave the other fields blank. Click Continue 
• Answer the next three or four questions 
• Answer Yes to "Did you buy every investment listed...." (unless you inherited or were gifted the funds) 
• Select "Sales Section Totals" 
• Locate your sales section totals on your 1099-B 
• Enter your Investment Sales Section Totals and repeat till you have entered for each category. 

After entering all your sales section totals,  Look for "Now we'll help you upload your 1099-B since the IRS requires a copy" and follow the instructions,  or you can mail a paper copy of your 1099-B to the IRS.  If you want to mail, click on "How do I mail my statement". 

  

Take a moment to double-check that your statements are complete. For each sale listed, there should be: 

•  - A Description 
•  - Date Acquired 
•  - Date Sold 
•  - Sales Price 
•  - Cost Basis 
•  - Gain or loss for each sale 
•  - A based on how the sale was reported to you and the IRS 

 In some uncommon cases, there will be an adjustment code and adjustment amount. 

  

 NOTE: Any sales summaries that include only Box A or Box D sales, and which have no adjustments to gain/loss, do not need to be included on a statement mailed to the IRS. 

  

 Here's how to mail your statements: 

 If you are 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 73344-0254