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mister_bill
Level 4

TurboTax importing $0 1099's from Merrill Lynch

I went to import my 1099 info from Merrill Lynch, and it told me that 1099-INT, -DIV and -MISC forms were available, but the amounts on all three were $0. This is not correct, and in fact the Merrill Edge site tells me that my 1099 is not available yet. I'm not sure whose bug this is, but clearly it is not working correctly.

36 Replies
MarilynG1
Employee Tax Expert

TurboTax importing $0 1099's from Merrill Lynch

It was smart to check your Merrill Lynch account outside TurboTax.  This was probably the reason TurboTax showed $0 for your import.

 

Click this link for info on How to Import Financial Transactions.

 

You can also enter a summary of transactions in lieu of individual transactions manually if you wish.

 

Click this link for more info on How to Enter a Summary in Lieu of Individual Transactions

 

 

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mister_bill
Level 4

TurboTax importing $0 1099's from Merrill Lynch

You missed my point. These forms should not be showing up as available, I should have been told that there was no data/forms yet, same as it does on my Fidelity account since my 1099 will not be ready there for another couple of weeks due to mutual funds that I own. Presumably when  the 1099 shows up on their website (or shortly thereafter), the correct information will be available for download into TT.

 

It's a TurboTax bug, or in whatever decides that 1099's are available for importing.

s5slapshot2
Returning Member

TurboTax importing $0 1099's from Merrill Lynch

Trying to import summaries from Merrill lynch and Merrill lynch edge.

CarissaM
Employee TurboTax Specialist

TurboTax importing $0 1099's from Merrill Lynch

You can import your 1099 from Merrill Lynch by following the instructions here

 

If you need additional assistance, please click here to contact customer service. 

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ahiestand
Returning Member

TurboTax importing $0 1099's from Merrill Lynch

I am using TT Deluxe. When I download the 1099s from Merrill Lynch, the download files show 0$ for int, div, and misc.

I also downloaded the tax files into a pdf to my pc, and they contain data, not 0$. There are too many entries to enter by hand.

mister_bill
Level 4

TurboTax importing $0 1099's from Merrill Lynch

@ahiestand That's interesting! My 1099 is still not available, so I haven't been able to try again. Sounds like there is a real bug there. When was your paper 1099 available? If it's just recently, the data might not have made it to the import tool yet.

 

BTW I assume you have the real 1099's available to download and not that spreadsheet which just have activity for the year. I only have the latter.

leat77
Returning Member

TurboTax importing $0 1099's from Merrill Lynch

I have the same problem. The 1099's are available in Merrill Lynch. I can download the pdf files and see all the transaction details. However, when import to TurboTax it all become zero

mister_bill
Level 4

TurboTax importing $0 1099's from Merrill Lynch

@MarilynG1 @CarissaM 

 

Please see the subsequent replies, there actually appears to be a bug here.

JeanneLO
Intuit Alumni

TurboTax importing $0 1099's from Merrill Lynch

@mister_bill

 

Please give us a call for assistance with this issue by following these instructions:  What is the TurboTax phone number?

 

 

 

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s5slapshot2
Returning Member

TurboTax importing $0 1099's from Merrill Lynch

Haven’t got paper 1099 from ML yet but TurboTax doesn’t even list ML only ML Edge in their list of financial institutions.

mister_bill
Level 4

TurboTax importing $0 1099's from Merrill Lynch

@s5slapshot2  Not correct. The entry is Merrill Lynch-Merrill Edge, I just checked. Searching on Merrill finds it.

 

Also did you login to their website to see if your form is available to download?

s5slapshot2
Returning Member

TurboTax importing $0 1099's from Merrill Lynch

Must have changed since the last time I checked in.  Thanks👍👍

mister_bill
Level 4

TurboTax importing $0 1099's from Merrill Lynch

@s5slapshot2  Don't think so. Maybe you were misspelling it.

ahiestand
Returning Member

TurboTax importing $0 1099's from Merrill Lynch

Paper 1099s are in the mail, probably. Online forms became avail today (2/22).

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