Anyone else try to import their information from Scottrade into Turbotax......only for it to be filled out incomplete? For example, after I imported my info, my stock sale information appeared in turbotax, and not my purchase info.

2 ...

Report Post

Posted by wizard of smart

Member since Feb 2009

1545 posts

Posted on 4/2/10 at 9:00 am to TJG210

You got to enter it one by one or get gainskeeper. Your account comes with gainskeeper but not the automatic enter it in for you one. Tedious and time comsuming if you dont pay for the automatic one

0 ...

Report Post

Posted by Poodlebrain

Way Right of Rex

Member since Jan 2004

19860 posts

Posted on 4/2/10 at 10:18 am to TJG210

You can enter summary data for your short-term and long-term sales on Schedule D and attach a copy of a report from Scottrade detailing the individual trades. As long as the totals in the sales proceed column equal, or exceed, the amounts reported to the IRS on Forms 1099-B you'll be okay. Use "various" for the purchase and sales dates.

1 ...

Report Post

Posted by walnuts

Houston

Member since Nov 2008

306 posts

Posted on 4/3/10 at 10:56 pm to Poodlebrain

Damn, wish I would have read this a few weeks ago.

1 ...

Report Post

Posted by shawtiger

Baton Rouge, LA.

Member since Jan 2004

433 posts

Posted on 4/4/10 at 8:34 am to walnuts

Got to be a better way. Does anyone have another trading company? Is this a problem with all brokers or just Scottrade?

1 ...

Report Post

Posted by shawtiger

Baton Rouge, LA.

Member since Jan 2004

433 posts

Posted on 4/4/10 at 8:36 am to shawtiger

What I was getting at seems like with one push of a button you should be able to transfer all pertinent info, Commision costs, interest, dividends, gains/losses, etc.

1 ...

Report Post

Posted by 10ozMatt

Fishing in the buff

Member since Aug 2009

526 posts

Posted on 4/5/10 at 9:25 pm to shawtiger

Yea I had the same issue... 2 hours of finishing the paperwork