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1099-B import

Level 2

Hello colleagues of ITO:

I saw another product line of Intuit (i.e. Turbo Tax Online https://ttlc.intuit.com/community/entering-importing/help/how-do-i-import-my-1099/00/26254) offers direct import from the brokerage data like we had for the W2 import in ITO, and of course in ITO we only have the crappy import from spreadsheet which we still need to manually enter the data one by one, which is not the type of "import" I expecting compare to what Turbo Tax online can do. And most of the 1099-B from Robinhood (Apex) or Webull are partner with Turbo Tax so I don't know why ITO doesn't have the same function.

I know this sounds stupid, but does any of you have any knowledge why there is a discrepancies of functionality between different product line? Can someone from Intuit explain this to us? Thank you for your input.

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1 Comment 1
Level 15

The workflow in PTO is different by design.  Comparing the workflow of TurboTax with what's in PTO is like comparing apples to oranges.

Taxpayers can import tax documents directly from the issuers to TurboTax because they have direct access to their accounts.  But PTO is a professional tax software.  It is designed to interface with Intuit Link, the protal to which your clients will upload these same tax documents for you to prepare their returns.  For productivity, PTO then makes it possible for you to import specific tax documents into the tax return.

It all makes perfect sense, if you think about it.


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