How do I fix multiple “Needs Review” transactions?

by TurboTax•170• Updated 5 months ago

If you’ve imported info for stocks, options, crypto, bonds, and/or mutual funds, and you have more than 25 transactions that need review, you could be missing any of the following:

Cost basis
Date acquired
Description
Proceeds
Date sold

There are a couple of ways to fix this issue.

1. Use summary filing

Re-entering your sales using summary filing can help you avoid having to re-enter your sales one by one. Here’s how you can use summary filing:

On the Investment summary screen, delete the sales you imported from your financial institution to prevent any duplicates.
- Skip steps 2 and 3 if you imported sales from that financial institution only. You will automatically be directed to the Did you sell stocks? screen.
Navigate to stock sales:
- TurboTax Online or Mobile: Go to stock sales.
- TurboTax Desktop: Search for stock sales, and select the Jump to link.
For Did you sell stocks?, select Yes. If you land on Your investments and sales, select Add investments.
On the Let's import your tax info screen, select Enter a different way.
Select Stocks, Bonds, Mutual Funds, and then Continue.
Answer the questions, and when prompted with Now, choose how to enter your sales, select Sales section totals and Continue.
You'll now be able to enter the total proceeds (sales) and cost basis, along with the sales category.
- Refer to your 1099-B for the amounts and category.
When finished, select Continue.
You can add additional sales totals by selecting the Add another sales total on the Review your sales section totals screen.

For crypto (if you have a 1099-B)

On the Investment summary screen, delete the sales you imported from the financial institution to prevent duplicates (If you have one or two sales from one institution, we suggest resolving those institution’s sales manually).
Skip steps 2 and 3 if you only imported sales from that institution. The screen will automatically load to Did you sell stocks?
Navigate to stock sales:
- TurboTax Online or Mobile: Go to stock sales.
- TurboTax Desktop: Search for stock sales, and select the Jump to link.
When you see Did you sell stocks, mutual funds?, answer Yes.
- If you land on Your investments and sales instead, select Add investments.
On the OK, let's start with one investment type screen, select Cryptocurrency, then Continue.
Once you get to Select your crypto experience, select Type it in myself.
For Let's get started typing in your crypto tax info, enter the name of your crypto service.
You will come across the Did you get a 1099-B? screen. Answer Yes.
Answer the questions, and when prompted with We strongly suggest entering sales one by one, select Enter sales totals instead and Continue.
You'll now be able to enter the total proceeds (sales) and cost basis, along with the sales category.
- Refer to your 1099-B for the amounts and category.
When finished, select Continue.
You can add additional sales totals by selecting the Add another sales total on the Review your sales section totals screen.

2. Talk with a specialist

If you can’t re-enter your sales using summary filing, we recommend talking with a specialist so they can walk you through, step by step, how to resolve this issue.

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