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Level 5
posted Dec 27, 2023 9:53:31 AM

TT version

I have some investment funds and I use a financial advisor.  Every year they send to me a 1099 Consolidated Tax Statement. Which TT version will I be able to import this report and have it automatically placed into my tax return?

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4 Replies
Level 15
Dec 27, 2023 9:58:20 AM

If you are going to use the TurboTax online web-based editions you will need the Premium edition to import a Form 1099-B

If you are going to use the TurboTax desktop editions then any of the editions can be used to import a Form 1099-B.

See this TurboTax support FAQ for importing Form 1099's - https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/import-1099s/L2hPcduMb_US_en_US?uid=lqo2w7bq

Level 15
Dec 27, 2023 10:30:51 AM

In the FAQ that DoninGA referred you to, note that you can only import the 1099 consolidated statement if the financial institution that issued the consolidated statement is a TurboTax import partner. At the beginning of the FAQ there is a link to the list of import partners.

 

Level 5
Dec 27, 2023 10:44:47 AM

Thank you!  Just to be clear, as long as they are an import partner, I can use any TurboTax desktop editions to import a Form 1099 including INT, B, DIV, etc ...and not just B, correct?

Level 15
Dec 27, 2023 10:50:10 AM

@gjgogol wrote:

Thank you!  Just to be clear, as long as they are an import partner, I can use any TurboTax desktop editions to import a Form 1099 including INT, B, DIV, etc ...and not just B, correct?

That is correct.