Which TurboTax do I need for investments?

TurboTax Premier is designed for investors of all experience levels. Increase your tax knowledge and understanding – all while doing your taxes. TurboTax Premier walks you through investment tax scenarios including stocks, bonds, ESPPs, robo-investing, cryptocurrency, rental property income, and more.

What can I import into TurboTax?

You can securely import your 1099-B, 1099-DIV, 1099-INT, 1099-OID, or 1099-R into TurboTax if your broker or financial institution is on our list of TurboTax Import Partners. If they’re not, you can upload your form from your computer or type it in yourself.

Can I deduct brokerage fees on my taxes?

The IRS does not allow you to write off transactions fees, such as brokerage fees and commissions, when you buy or sell stocks. Instead, you can add the amount of those fees to the purchase price of your stock. The purchase price plus the cost to acquire your stock equals your cost basis.

How is investment income taxed on a tax return?

Of course, there are possible exceptions and TurboTax can help you identify if any of these situations apply to you when you’re completing your tax return. Normally, investment income includes interest and dividends. The income you receive from interest and unqualified dividends are generally taxed at your ordinary income tax rate.

How to import your tax information from Capital Group?

1 Click Add Other Documents. 1 Choose Import from my bank or brokerage. 2 Enter American Funds. 3 Click Continue. 1 Follow the on–screen instructions and enter your identifying information in the first box. 2 Enter your capitalgroup.com password in the second box. 3 Click Continue.

How do I import the info from my stock broker?

To import your 1099-B (investment sales) from a broker that participates in the TurboTax Partner program: Open (continue) your return in TurboTax Online. (If your return isn’t open, you’ll need to sign in and click Take me to my return .) Click Tax Tools (lower left side of your screen). Select Tools. In the pop-up window, select Topic Search.

How can I import my tax form into TaxAct?

If you have multiple accounts and would like to use TaxAct, please download the CSV of your tax information here and use TaxAct’s CSV import tool. You can only download a CSV of your 1099-B, so if you need a CSV of your 1099-DIV also, please email [email protected] Please note that TaxAct only allows automatic import for 1099-B forms.