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hc1952
New Member

review 1099b tedious review

I downloaded my tax form from Merrill Lynch.  I have a 1099B that contains 149 transactions.  Turbo Tax technical advisor told me I must review each item in order to clear the review.  It is super tedious and I believe all transaction from the brokerage is correct.  This is the first year I encountered this situation.  Did I do anything wrong?  Any one ran into the same situation?

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1 Reply
JamesG1
Expert Alumni

review 1099b tedious review

It is common to be required to review the transactions imported from your financial institution.  You may not have done anything wrong.

 

In some cases, you are required to enter into the transactions and make corrections.  In some cases, you need to answer How did you receive this investment? or enter a Cost or other basis or a Date sold or disposed.

 

In other cases, there are no obvious corrections that are needed.  

 

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