TaxAct® customers can enter multiple Form 1099-B Proceeds From Broker and Barger Exchange Transactions quickly and easily by importing a CSV (comma separated values) file. This feature is available in TaxAct Premier+ and above. See Entering in Program - Form 1099-B for manual entry instructions.
In order to import transactions, you will need to obtain a spreadsheet file from your broker (or create one of your own) and save it to your computer. If you use Microsoft Excel or Open Office to open files, you must convert the spreadsheet file to CSV format, and then import that file into TaxAct. For an example, see the following sample CSV:
To import a CSV file into your TaxAct return:
If you import more than one CSV file or brokerage statement, the transactions will be added to the list of Form 1099-Bs previously created (up to 2,000 total).
Note. If you receive an error message while attempting to import your CSV file, try switching your browser to Chrome.
Note. The only way to see the CSV Import is to have the screen on full view. The CSV import is not available on smaller screens (such as on mobile devices).
It is the responsibility of the taxpayer/preparer to make sure the CSV file columns match the appropriate fields in the TaxAct program. If these do not accurately match, the program may not calculate the investment sales correctly.
Note. You should compare the CSV or Excel file you obtain from your broker with the information that was reported to you on Form 1099-B. All transactions reported on Form 1099-B need to be included in your CSV or Excel file. If there are ANY transactions missing from your CSV or Excel file, you will need to manually add these transactions to your file before importing into TaxAct.
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.