Stock Sales

[NMR01]

I want to efficiently enter stock sales without logging into my brokerage account through the Intuit website (I am vehemently opposed to that). In the past it was possible to do this either by importing a .csv file or switching to a table entry format to input individual sales, but I can't seem to find/access either of those options. Are they no longer available, or am I missing something? The only way I have been able to enter individual sales is a massive pain - Help!

Version: Premier (Mac)

[Kat]

The only thing I can think of that you may have used would have been the "Forms" mode, available only in the Desktop (CD/Download) software.  I'm sharing a TurboTax FAQ below that may help.  If you don't find the easier entry method you're accustomed to, please post back and I'll ask another of our Champs who knows the Mac software well.  

How do I switch to Forms mode in the TurboTax for Mac software? 

[fanfare]

@NMR01 

At tax time, you will summarize your transactions by Sales Category.

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.
--

If you have wash sales, it gets more complicated since those adjusted transactions have to be itemized on Form 8949 and the summary totals adjusted accordingly.

Enter the wash sales on Form 8949, then use the subtotal results on the bottom of that form (Line 2) to know how much to subtract which gives you the Schedule D line 1a totals. Be sure to NOT check the adjustments box in the summary window.
--
Alternatively, if entry of Wash Sales is too tedious,
summarize and check the box for adjustments and enter the disallowed amount.
This summary will go on Schedule D Line 1b.
You will be making the mail-in election.

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IRS requires details of your SELL transactions to be supplied on a Form 8949,
or on your other forms (e.g. consolidated 1099-B) which have the same information and in the same manner as Form 8949.

Either way, if you choose to summarize, you have to mail the transaction details to the IRS within three business days of IRS accepting your e-Filed tax return. 

Reporting Exception: if you summarize Category A or Category D, Form 8949 is not needed for transactions without adjustments. No mailing is necessary.

[NMR01]

That is an option, but a ridiculous one, imo. Having purchased an e-file package having to mail in support is ludicrous for the “premier” option. There should be an easy and efficient way to either input individual sales or import via a .csv file. Software should improve features from year to year - not take them away. 

I’ve used TurboTax to prepare my (and friends) returns for over 10 years. This is likely my last. 

[NMR01]

But thank you for your time! My frustration is with Intuit. I appreciate you, and I'm sure many will find your information helpful. 

[fanfare]

Okey Dokey

There no easy and efficient way to enter all transactions manually.

Preparing a csv file is also tedious and error prone.

Then there's the question of what column names to use, where is that documented ...

If you are just trading stocks (Box A), the Reporting Exception makes it quite simple.

See the forum for all the other issues of trying to import your trade data from your Financial Partner broker.

can't log in

can't access the document by document ID

import is incomplete

broker records do not comply with IRS reporting rules.

all transaction are marked for review

and finally, TurboTax cannot accept the large number of transactions you are trying to enter.

Thus the method I described is not so ridiculous imo