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How do I get Scottrade trades information in Turbo Tax?
I have over 200 stock sales in 2007 and I use Scottrade. When I download my stock information in Turbo Tax, it only shows the sales amount. That is I have to fill one by one sales price and date of purchase for each sale manually.
Is there a better way so that I can import all my stock trades directly in Turbo Tax with purchase or cost amount and sale amount?
Some one told me that I have to export a file from scottrade on my desktop and then import that file in to Turbo Tax. How is that done???
Please let me know.
Thanks vb, this will certainly help.
But I have seen a return where they do export form Scottrade and import to TurboTax and every thing is there. May be for this, we need to install some software on our laptop or desktop.
Which additional software and what are the steps to do export and import.
5 Answers
- Anonymous1 decade agoFavorite Answer
When you did the download, it only included the 1099-B data--which has *never* included your cost basis. I realize that if you bought/sold everything through one brokerage account that your statement included the information, but that's not part of your 1099-B.
So...if you can't figure out any other way, here's what many people do. They download the sales into excel. They create columns that match the format of the D-1. They put in formulas to calculate the gain/loss "=(d1-e1)" and total for proceeds and gains "=sum(e1:e200)". They type in column headers and write "SCHEDULE D-1," their name and SSN and then send this to the IRS instead of retyping everything into TT.
On the real schedule D, they put see attached and copy over the totals to line 2 and line 9.
- 6 years ago
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RE:
How do I get Scottrade trades information in Turbo Tax?
I have over 200 stock sales in 2007 and I use Scottrade. When I download my stock information in Turbo Tax, it only shows the sales amount. That is I have to fill one by one sales price and date of purchase for each sale manually.
Is there a better way so that I can import all my stock trades...
Source(s): scottrade trades information turbo tax: https://tr.im/jA2Rm - MaryLv 45 years ago
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