Turbo Tax 2020 Business is not prompting for attaching 1099 B (capital gains). Is a fix coming?

[Jimbob2020]

I am having a problem with 2020 TurboTax Business.  I did the summary capital gains input and when I completed it, turbo tax said I would be prompted at the submission point to attach the 1099-B pdf.  But I never got the prompt.  It has been submitted and accepted at the federal level. I think TT has a glitch.  How can I resubmit and include the attachment?  I don't see that ability in the attachment area.  Jimbob

[Anonymous_]

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@Jimbob2020 wrote:

How can I resubmit and include the attachment?  I don't see that ability in the attachment area. 

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That is due to the fact that the functionality is not supported; you have to print and mail.

[Jimbob2020]

Well that's a bummer.   That comment should be in the software routine, the program led me to believe I could attach the pdf. :(

[Anonymous_]

I agree, for what it is worth @Jimbob2020 

[Don KCG]

I had the same issues. I have two 1041 Trust Returns I am trying to do with TT Business.  The Home and Business version has an easy broker interfaces to download the full set of 1099’s but not the TT Business version.  So do you have to file the whole return by mail versus E-file?  If so that’s ridiculous!! Alternatively, I assume you amend the return and manually enter the 1099B.

[Anonymous_]

You have to print and mail the 1099-B statement along with the return.

[Don KCG]

I have seen other post indicating that you can add the 1099B as additional pages to the 8453-FE attachment.  Has this worked for anyone?

[Anonymous_]

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@Don KCG wrote:

I have seen other post indicating that you can add the 1099B as additional pages to the 8453-FE attachment.  Has this worked for anyone?

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I have attached an example of that, but I have PDF software that allows the user to combine PDFs.

It works, obviously, but I have absolutely no idea if the file gets to the IRS in the correct format or if it gets to the IRS at all.

[Jatzman63]

Frustrated that Turbo Tax 2020 Business doesn't seem to allow you to attach a document even though the instructions clearly say you can.

Here's how to file your statement(s):

If you are e-filing your tax return, you will need to attach a PDF copy of your 1099-B or broker statement(s) when you transmit your return. We will guide you through this process at that time.

If you are not e-filing, then mail your 1099-B or broker statement(s) with your entire tax return to your local IRS office.

[afffcompanies]

Hi,

I have the same issue with turbo tax for Business 2020.

I have been using turbo tax for business for the past 6 years and this is the first time that this functionality is not available.

Today, I called Turbo tax support ( [phone number removed] ) to report this issue and the answer was that functionality is not supported any more.

I was in shock with that answer. I think that Intuit has lost the goal to offer the best tax return software to their clients.

Anyway, I opened a case to request this functionality again to turbo tax for business.

I got a case number.

let see if they can deliver a fix and keep their customers happy again ! 

I will like to  see other members of this community calling Turbo tax to request the fix as I did today. 

[GENERALLEDGER101]

BIG BOO ON MISSLEADING INFO ON THE DETAIL ON 1099B FILING.

EXPECTED MORE FROM INTUIT.

[MattRo]

@Anonymous_  Actually, Turbotax claims it is supported.  Under Investment Income, Stocks...Summary for this Account, you will see "To finish reporting these sales, follow the filing instructions."  Click this link and you will see this:

...Here's how to file your statement(s):

If you are e-filing your tax return, you will need to attach a PDF copy of your 1099-B or broker statement(s) when you transmit your return. We will guide you through this process at that time.

Then you are never given the opportunity again to attach anything except for the 8453-FE.  Very poor on Turbotax's part.  From what I have read, I bet they removed the functionality but failed to remove the instructions.

[Anonymous_]

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@MattRo wrote:

From what I have read, I bet they removed the functionality but failed to remove the instructions.

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That would be my guess but I would not bet on anything with respect to the program. For all we know, it could be restored at any time in an update.

[fanfare]

Attention: 

If your Box A transaction are all without adjustments, Form 8949 is not required. No mailing is necessary.

Only wash sales have to be detailed.

TurboTax has started suppressing Box A with no adjustments,

without telling you that there is nothing to mail.

[afffcompanies]

Hi,

Unfortunately, Turbo tax is offering a poor support and the Case that  I opened has not been review since  I opened it,   3 weeks ago,  by the software team.

This is a SHAME.

So, my company will not be able to report the form 1099-b on the tax return online.

 Next year, I will review the other options in the market !