Talk of The Villages Florida - View Single Post - TurboTax will not import Charles Schwab year end tax 10999 information.
Thread: TurboTax will not import Charles Schwab year end tax 10999 information.
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Old 03-15-2022, 07:56 AM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by capecoralbill View Post
Correct,
I am using the H&R block tax program. But I suspect TurboTax has the same problem. In any event I do some day trading, and my 1099-B statement has hundreds of transactions not practical to be entering them manually.
Thank you for your comments and if anybody has a solution, or another tax program that actually will import the 1099 from Schwab, please let me know.
I think I'll be transferring my stocks over to either etrade or fidelity since I had no problem importing those 1099s
You don't need to enter every transaction. The 1099 totals and consolidates the data into about 5 different categories for the tax forms. The investment company sends you a statement which includes every transaction, but also sends a consolidated 1099, which is easy to enter the required data from manually. It only takes a few minutes to enter the required data.