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Level 2
March 5, 2022
Question

importing 1099b from robinhood

  • March 5, 2022
  • 1 reply
  • 0 views

when will turbotax allow to import 1099b form from robinhood. it is march 5 today, and still unable to import 1099b from robinhood.  paying for premium turbotax package is not enough for importing simple form, then need my money back. I dont think mailing 1099b to IRS and with filled out form is solution. it is 2022. fix it soon

    1 reply

    Level 13
    March 5, 2022

    Are you currently receiving an error message upon attempting the import? in the interim, please review the FAQ below:

     

    Can't import 1099

     

     

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
    abra-shiAuthor
    Level 2
    March 5, 2022

    I am using TurboTax premium on PC. There is no option to import from Robinhood. Robinhood is not listed on institutions you can import 1099b. The only choice I have is to enter it myself. Is there any update coming where I can import from Robinhood? Or I have mail my 1099b with filled out form to IRS. Please don't tell me my only option is mailing my 1099b.

    fanfare
    Level 15
    March 5, 2022

    "Please don't tell me my only option is mailing my 1099b."

    @abra-shi 

     

    As an active investor, be aware that your category Box A or Box D sales without adjustments do not require Form 8949, so there is no reason to import or key in those transactions.
    Instead use the "enter a summary" option to put your numbers on Schedule D Line 1a or Line 8a.

    No mailing is necessary.