Robinhood 1099DA

[user17727319970]

Has anyone had issues importing Robinhood data to TT?  I get to the point where TT tells me they have the data on the website, but it does not arrive in TT and says there is some kind of internet issues. I've tried it multiple times and can't seem to get it to work.

[CatinaT1]

If you received a "Success" message but your data hasn't appeared in TurboTax, it is likely due to recent browser security updates regarding Local Network Access.

To fix this you need to allow TurboTax to securely retrieve your data through your browser settings:

1. Locate the View Site Information icon (the "tune" or "lock" icon) on the far left of your address bar, just before the URL.
2. Find Local Network Access in the dropdown menu.
3. Toggle the switch to ON.
4. Refresh the page and attempt your import again.

What do I do when my data isn't imported into TurboTax Desktop even though it says successful import...

If permissions aren't the issue, one of the following factors may be at play:

• Brokerage Delays: While most forms arrive by January 31, many brokerages delay Consolidated 1099s (like the 1099-B) until mid-February due to complex reporting requirements.
• Availability: Your brokerage must specifically "release" the import file to TurboTax. If it isn’t ready, we recommend checking back.
• Connection Blocks: Active VPNs or aggressive Anti-Virus software can occasionally block the import feature between your bank and TurboTax. Try disabling them temporarily or switching to a different browser.

Helpful TurboTax Articles:

• What if I can't import my 1099?
• How can I fix my 1099 import issue?
• How do I import my 1099s?
• How do I enter a large number of stock transactions in TurboTax?

[user17727319970]

Thank you for the quick reply.  I had seen this thread about the Local Network Access before and I am using Chrome.  I found under Settings:  "Local Network" and I have selected "Allow" but it still isn't working.

[CatinaT1]

You have a 1099DA? Currently, TurboTax supports the manual entry of IRS Form 1099-DA. We are in the process of enhancing our CSV import and upload features to make this process more seamless.

Timeline: We expect the new CSV import functionality to be available soon. Please note that this is an estimated target as we finalize the experience.

• Supported Documents: Once live, the import/upload feature will support both 1099-DA and DigitalAssetGainLoss files.

If you are ready to file now, you can still enter your information manually. Otherwise, thank you for your patience while we get these automated tools ready for you!

[cagalli0202]

When will the import of 1099-DA be available in TT?

[JamesG1]

TurboTax has not released information about cryptocurrency reporting.

However, at the present time, 1099-DA transactions may be uploaded from a PDF which was converted from your CSV file. 

In TurboTax Online Premium, follow these steps:  

• Down the left side of the screen, click Federal.
• Down the left side of the screen, click Wages & Income.
• Scroll down to Investments and Savings and click the down arrow to the right.
• Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
• Click Add investments.
• At the screen Let's find your account, click Enter a different way.
• At the screen How do you want to add your docs?, click Upload.  Click Continue.
• At the screen Upload your documents, upload a PDF file.
• At the screen Let's finish pulling in your investment income, click Review.
• At the screen Let's get started typing in your digital asset, enter the information.  Continue.
• At the screen Review your XXX sales, check the box to the left of Description to invoke Bulk Edit.
• To edit individual lines, click the pencil ikon to the right.
• Select response for How did you receive this investment?  Click Continue.
• At the screen Let us know if any of these situations apply, enter information.  Click Continue.

At the present time, such transactions may be entered manually, either on a one-by-one basis or by sales section totals.  At the screen How do you want to add your docs?, select Type it in myself.

@cagalli0202 

[cagalli0202]

TT wouldn't let me leave the Date aquired empty or enter VARIOUS. But it's VARIOUS on my 1099-DA form. What do I do?

[DianeW777]

This has an easy solution. Use a date that represents the correct holding period so the tax is calculated correctly. If any of the transactions are held long term be sure the date is one day longer than one year from the sales date, otherwise for short term make sure the date is less than one year from sales date. There's no cause for concern because you have the records should you need them at any point.

Holding Periods:

• Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax)
• Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)