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I imported my 1099-B from robinhood, I have losses that are being carried over - now I have a long list of review items, is there a way of doing this faster?

I have at least over 100 items to be reviewed, I feel I need to review all my trades which are a lot
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2 Replies
drlepton
New Member

I imported my 1099-B from robinhood, I have losses that are being carried over - now I have a long list of review items, is there a way of doing this faster?

I dont use Robinhood, but I do use Schwab and Ameritrade.....

 

Your broker should put out a 1099-B tax document.  Look for it in doctuments or whatever section Robinhood keeps their tax documents.

 

Note that the 1099-B might be part of a bigger file that has all the 1099-Int and 1099-Div.

 

Anyways, instead of putting in all your trades, you can just put in the total number.  Instead of the individual stocks, just put Robinhood (or the account number or however you want to call it), and then put in the total numbers.

 

Your 1099-B might be chopped into multiple parts depending on how long you held the stocks.  Turbotax will allow you to enter in each section separately..

 

In summary -- just put the totals into Turbotax.  You dont need to put in each trade.

I imported my 1099-B from robinhood, I have losses that are being carried over - now I have a long list of review items, is there a way of doing this faster?

I have a similar situation with another firm.
I have two 1099-B forms that were imported from the institution and reviewing each entry is very tedious because there are so many. 
Is there a way to make this faster without skipping the individual entries?
Could I make all as None of These apply for the second page of the review (Let us know if any of these situations apply to this sale) since the data has been OK so far.
This would make things faster.

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