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Level 2
posted Mar 17, 2024 8:12:43 AM

Very specific formatting bug with downloaded 1099-B (names with ampersands)

When reviewing my return, I noticed that only a few of the securities that I sold were mis-formatted on the Capital Assets Sales Worksheets.

 

These were downloaded 1099-Bs from Schwab.   The description of the asset was cut to only included the part after the ampersand.   For example  "100.0  Vanguard S&P 500 ETF" was converted to "P 500 ETF".  I have a few like that and they seem to follow the same pattern.  Can also assume that a web download may face quoting issues with an ampersand.

 

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1 Replies
Level 2
Mar 2, 2025 1:52:44 PM

I've had this exact problem for 2023 and now 2024.  I see in other posts that the problem appears elsewhere in TurboTax as well.  In this 1099-B import case, I make the correction in "Forms" and all is well, including e-filing.

 

It's aggravating that this and other problems persist for years.