Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Jun 9, 2020 9:04:04 PM

Turbotax for Business: How to import brokerage data

I have a Trust return to complete, so I had to buy TurboTax for Business. However, I do not see a way to import data direct from the Trust's brokerage account. What am I missing? 

0 4 1368
1 Best answer
Level 15
Jun 9, 2020 9:15:47 PM


@lbilling wrote:

...I do not see a way to import data direct from the Trust's brokerage account. What am I missing? 


You are missing nothing. TurboTax Business is not capable of importing data from any source other than QuickBooks.

4 Replies
Level 15
Jun 9, 2020 9:15:47 PM


@lbilling wrote:

...I do not see a way to import data direct from the Trust's brokerage account. What am I missing? 


You are missing nothing. TurboTax Business is not capable of importing data from any source other than QuickBooks.

Level 3
Feb 18, 2023 3:20:32 PM

This is my first year using TT Business.  What a piece of crap. It cannot import data from a brokerage nor is is easy to enter taxes paid for a 1099-R for a Trust. What junk compared to the personal version.

Level 1
Mar 16, 2023 7:56:10 AM

Agreed -- truly pathetic.  I continue to waste money on this to do 2 trusts -- and each year I think that they would have added this incredibly simple capability -- and each year they do not.  

Level 15
Mar 16, 2023 8:21:09 AM

This may be cold comfort (actually, no comfort at all), but the fact is that sales of desktop units declined (1%) for TurboTax in fiscal 2022 (over 2021) while sales of online units increased 1%.

 

TurboTax Business almost certainly comprises a small percentage of total desktop units sold and that overall total is only 4.7 million. Even if 20% (and I suspect 20% to be an idiotically high number) of the units were TurboTax Business, that would still be around $150 million in gross revenue, a drop in the bucket for a company with $12-13 billion in revenue.