How do I enter a large number of stock transactions in TurboTax?
TurboTax is equipped to handle around 10,000 individual transactions per brokerage account.
If you hit the transaction import limit, you can enter a summary for each sales category.
Your brokerage statements should include a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered.
You'll enter the summary info instead of each individual transaction. Select your product below for instructions:
- Open or continue your return.
- Go to stock sales.
- Answer Yes to Did you sell any of these investments in 2024?
- If you land on the Let’s finish pulling in your investment income screen, select Add investments.
- On the Let's import your tax info screen, select Enter a different way.
- On the OK, let’s start with one investment type screen, select Stocks, Bonds, Mutual Funds.
- Continue through the interview and select Enter sales totals instead when prompted.
- 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.
- Open or continue your return.
- Search for stock sales and select the Jump to link in the search results.
- Answer Yes to Did you have investment income in 2024?
- If you land on the Let’s finish pulling in your investment income screen, select Add investments.
- On the Let Us Enter Your Bank and Brokerage Tax Documents screen, select Skip this Import.
- On the OK, let's start with one investment type screen, select Stocks, Bonds, Mutual Funds.
- Continue through the interview and select Enter sales totals instead when prompted.
- 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.
- Sign in to TurboTax Online. You’ll eventually return to TurboTax Desktop.
- Start a new tax return.
- If you have a TurboTax 2023 tax return you filed last year, follow the steps below to upload it to TurboTax Online. If not, skip to step 10.
- In the left navigation menu, select Tax tools, then select Tools.
- Select Transfer last year's TurboTax return from your computer.
- Select Continue on the Are you sure? screen.
- On the screen Transfer Last Year’s TurboTax Return, select Choose File to select your TurboTax .tax2023 tax return you filed last year, then Continue.
- The screen will display Uploading your TurboTax Desktop file, along with a spinning circle.
- When the screen changes to Transferring Your Information, select Continue.
- Select Federal in the left navigation menu.
- On the screen Let's talk about your income next, select Add my income.
- On the screen Does the income from last year's return still apply?, answer according to your situation and select Continue.
- On the screen Let's find other income we may have missed, answer according to your situation and select Continue.
- On the screen Your income and expenses, scroll down to the Investment income section.
- Next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B), select Start.
- Answer the questions on the following screens and import your stocks when prompted.
- Once you're done importing your stock transactions, select Tax tools from the left navigation menu, then select Tools.
- Select Save your 2024 return to your computer. This will save your .tax file to the Downloads folder on your computer.
- Open your TurboTax Desktop software, and select Open a different return on the homepage. Locate the file you just downloaded and select Open to import it into the program. You can now finish your taxes using the desktop software.
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