How to upload your 1099 to TurboTax

We ’ ra excited to help Intuit TurboTax this tax mood. You need to use TurboTax Premier to routinely import your commerce historical past instantly into their software program. Keep in mind to make use of the comply with connection so you’ll be able to declare a reduction of as much as $ 20 : hypertext switch protocol : //turbotax.intuit.com/lp/aff/robinhood *

Robinhood Securities 1099

  1. In TurboTax, go to the Wages & Earnings display screen, then choose Shares, Mutual Funds, Bonds, Different
  2. When requested “Did you promote shares, mutual funds, bonds, or different investments in 2021?” click on Sure
  3. Kind “Robinhood” within the search bar when requested to enter your financial institution title, then select Robinhood – Robinhood Securities
  4. On the subsequent display screen, enter your account quantity and Doc ID
  • Your account quantity is a 9 digit quantity discovered within the prime, center of your 1099
  • Your doc ID is an 11 digit alphanumeric ID discovered within the prime proper of your 1099. Enter this ID with out the areas

This consequence is restricted to 1,500 transactions. When you have greater than 1,500 transactions, comply with the instructions on this TurboTax Assist Heart article.

Robinhood Crypto 1099

  1. In TurboTax, go to the Wages & Earnings display screen, then choose Cryptocurrency
  2. When requested “Did you promote or commerce cryptocurrency in 2021?” click on Sure
  3. Choose Robinhood, then click on Proceed
  4. In the event you acquired a Robinhood Crypto 1099, Robinhood additionally offered a CSV file together with your cryptocurrency transactions. Add your CSV file.
  5. Double verify that your whole transactions imported appropriately, together with the proceeds and price foundation.
  6. Proceed by means of the remainder of the method to complete submitting your cryptocurrency revenue.

This consequence is restricted to 2,250 transactions. When you have greater than 2,250 transactions, you ’ ll indigence to enter the additional commerce data manually.

Troubleshooting: why received’t my file add?

listed here are some widespread causes for why your file will not be add :

  1. TurboTax solely lets you add CSV information. Earlier than importing your file, verify that the top of your file title says .csv, not .xls or .xlsx. At the moment, solely CSV information are supported in computerized uploads.
  2. Your tax knowledge might not but be out there on the Open Monetary Trade (OFX). Generally your tax knowledge takes further time to load onto the Open Monetary Trade, which is required for auto-import into tax software program. In case your knowledge is unavailable the primary few days after your tax doc is issued, please attempt once more after every week.
  3. The account quantity or doc ID has been entered incorrectly. You’ll find each of those numbers on the prime of your 1099, and they need to be entered with out areas.

Disclosures

*Robinhood clients should redeem this supply at hypertext switch protocol : //turbotax.intuit.com/lp/aff/robinhood to obtain a reduction of as much as $ 20 for TurboTax federal merchandise. This put up is out there to Robinhood clients submitting 2021 tax returns by means of the TurboTax Affiliate Program and cannot be mixed with another deduction or put up. The supply is undergo all TurboTax supply phrases and circumstances and is topic to vary with out poster. TurboTax is just not an affiliate of Robinhood Markets ( “ Robinhood ” ) or any of its subsidiaries. Robinhood makes no representations as to the accuracy or robustness of TurboTax merchandise .

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