the 1099-B import was unsuccessful fidelity

[charly37tls]

same. 1099B seems KO

3k trx only so far from limit. 

see several reddit post too. seems broken...

[EbonyA]

Please review the proposed solution regarding screen resolution in this thread.

[Elbakid]

Since I got no response and/or solution to this problem from TurboTax, I did more research and found the following:

-The limit of 10,000 transaction is incorrect, I had 2,064 entries to import and it failed. So, the limit is less than 2064.

-I used Excel to massage the .csv file from Fidelity to get the following 6 column headers in another tab with equations to get the stock symbol out of the first string:
Symbol, Quantity, Opening Date, Opening Net Amount, Closing Date, Closing Net Amount
then removed the rows with empty summary and saved the file as .csv with only the 6 columns
Note: Many other steps but a brief overview.

I then used https://easytxf.com/ to import the .csv file and output the resulting .txf file which I imported to TurboTax which will complain about more than 1,000 entries will slow down the performance of the program and machine. I don't own or have affiliation with easytxf.com and this is not a recommendation but it worked for me and it was free but I did donate since it saved me a lot of work. Perhaps TurboTax should buy the company or create a similar converter. There are other paid products that do the same conversion, some that can work with the .pdf file(s). However, since I like saving money and this is a once per year task, I chose the freeish path.

The following isn't consistent with previous posts. If I use the summary technique without the detailed transactions as suggested in other posts that I don't need to send in the detail to the IRS but the TurboTax program states the following from "What You Need to Mail" on page 1 of the Turbo Tax generated instructions:
Mail Form 8453 promptly after your return is accepted with attached forms and supporting documents listed on Form 8453.
Attach the following items to Form 8453: Form 8949 or an acceptable Continuation Sheet for Schedule D.

What is the final answer, I do or don't need to mail in the form 8453? If it is the later, then update the program's mailing instructions.

Hopefully this helps folks with similar issues.

[elinderca]

I have the same problem where I get the message "This 1099-B import was unsuccessful" when trying to bring in from Fidelity (I have ~2000 transactions, not 10000). Worse, I get the same message when trying to import my 1099-R from Fidelity - it still says "1099-B import was unsuccessful" even though I'm trying to import a 1099-R! (And 1099-DIV and 1099-INT also fail.) Is there an alternative to typing it (summary of 1099-B, and the other forms) by hand? Do I have to physically mail some forms afterward? Clarity would be appreciated! Thanks. 

[GeorgeM777]

If uploading is not an option, then you can enter your transactions manually.  If you have sales identified on your 1099-B statement as Box A or Box D sales, and they don't include any adjustments to the gain/loss (e.g., a Disallowed Wash Sale amount), then you should simply enter a summary for these sales.  You'll only need to enter the total sales proceeds, total cost basis, and sales category.  In the section where you enter your stock transactions, TurboTax will ask you whether you want to enter a summary versus one at a time.  

If there are transactions that require some adjustment, you can report those sales that require adjustments and then report the remaining transactions in summary fashion as described above.  In other words, you can combine both types of reporting on the same return.    

@elinderca 

[elinderca]

Thanks @GeorgeM777 that's what I did. As unpleasant as having to entering the 1099-B data manually was (rather than TurboTax importing it as it always has in previous years), I was further surprised that TurboTax then failed to import the 1099-R, 1099-DIV, and 1099-INT from Fidelity - always giving the error that "1099-B import was unsuccessful" even though these were not 1099-Bs! So everything had to be entered manually. 

My remaining question is whether I indeed need to mail a couple of hundred pages in the physical mail now as well, or are the summaries I put in sufficient?

[DaveF1006]

Yes, following the advice given by JohnB5677 in the Turbo Tax post, you will need to send the IRS the brokerage statements listing the individual sales if you summarized the sales. If the details involve a couple of hundred pages, then these will need to be included in the mailing.

If you e-file using summary totals, TurboTax will produce a Form 8453. You print the Form 8453 and attach the brokerage statement(s) to it. 

@elinderca 

[elinderca]

Thanks @DaveF1006 for the very clear response. Not the answer I was hoping for (would be better if TurboTax fixed the import problem) but clear. Thanks. 

Just to double check: there is no way to upload the PDF 1099-B's to IRS (or TurboTax to include with the e-file) - they really have to be printed and physically mailed?

[DaveF1006]

These do need to be printed and mailed because Turbo Tax does not have the ability to efile pdf attachments with the return.

[Tenzo]

Why doesn't TT fix the problem?

[MoniqueLO_]

Please feel free to contact Customer Support if you would like to speak with someone who can assist you.

@Tenzo 
 

[charly37tls]

almost nobody is impacted. only Desktop and only few users. not really worth fixing it.

[Tenzo]

You are right, It's only about 40 Million who use fidelity and a desktop.