How to Import Data to TurboTax

Please Note: If you received a notification that your Consolidated 1099 is available, then please be aware that your tax data will not be available in TurboTax until ~72 hours after. This also applies if you received a corrected 1099.

Now that it's tax season, let's get filing. If you're a TurboTax user, please follow the instructions below to learn how to import your tastytrade data to prepare your taxes. Before you get started, make sure that your software is up-to-date. Typically, TurboTax will check for updates each time you launch the software, as illustrated below:

A short note about transaction limits

Importing tastytrade data requires TurboTax Premier or better. Also, there are transaction limits when importing your transaction data (Form 8949 & Schedule D) with Turbotax Online and TurboTax CD/download software. TurboTax Online has a ≈1,500 transaction limit. TurboTax CD/downloadable software has a ≈2,000 transaction limit per brokerage account with a total sales volume of less than $10 million. Furthermore, performance deterioration may occur if you reach or are near the transaction limits. If you experience any issues with importing data using the online version, you may want to consider switching to the CD/downloadable software.

To read more about this limitation, including how you may switch from the online version to the software version, please click hereHowever, you are still able to enter your total gain or loss manually. Please refer to the How to file when you have more than 2,000 transactions section below.

The examples below illustrate TurboTax Premier for a Mac, indicated by the gold header. The PC version of TurboTax Premier will display a blue header. Despite the color difference, the overall user experience should be the same.