turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

19rakhee
New Member

I received 1099-B tax forms from Robinhood last week. When I try to import the form on Turbo-Tax after providing all the necessary info, does not work

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
rjs
Level 15
Level 15

I received 1099-B tax forms from Robinhood last week. When I try to import the form on Turbo-Tax after providing all the necessary info, does not work

JosephS1
Expert Alumni

I received 1099-B tax forms from Robinhood last week. When I try to import the form on Turbo-Tax after providing all the necessary info, does not work

While it may be inconvenient to not be able to import the transactions, there is a workaround that should assist you in getting the transactions entered in to your return.  

 

The 1099-B you received should have reported to you all transactions and what grouping they are in, such as short-term, covered and not covered, long-term, covered and not covered, and any others that are on the reporting form. The following should help:

 

AS long as you have a paper copy of the 1099-B, you can enter the data manually by group rather than on a transaction-by-transaction basis.  This may not be the ideal solution for you as most would prefer a direct import but this does work.  The following screen shows the grouping and your 1099-B will show the transactions per group:

 

 

Enter the totals for each group, such as short-term covered, short-term non-covered, etc., and that will enter the data on to Schedule D and/or Form 8949.

 

The IRS is more concerned with the totals than the individual transactions.

 

The following link may also help:

 

Robinhood Problems

 

@19rakhee 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question