If you sold stocks, mutual funds, cryptocurrency, collectibles, or other investments during the tax year, you may be able to save time by importing your Form 1099-B information directly into your tax return.
TaxSlayer partners with MeasureOne to help eligible customers import current-year capital gains and losses from supported brokerage accounts. This feature is available for taxpayers using the Classic, Premium, or Self-Employed package.
How Do I Import My 1099-B Transactions?
To import your investment sales into your return:
- Sign in to your TaxSlayer account.
- Open your tax return.
- Select Federal.
- Choose Income and select My Forms.
- Select Investments.
- Choose Stocks, Mutual Funds, Cryptocurrency, Collectibles, etc.
- Select Import My Sales and continue.
You'll be prompted to sign in to your brokerage account through MeasureOne. After entering your brokerage credentials, your brokerage may send a verification code by text message or another security method. Enter the code when prompted.
Once your identity is verified, MeasureOne will request your transaction data from your brokerage. Your return will show the import request as pending while the information is being retrieved.
How Do I Know When My Import Is Complete?
Imports are not instantaneous. The amount of time required depends on the brokerage firm providing the information.
When the import is complete:
- Your capital gains and losses will be added to your return.
- You'll receive an email notification confirming the import.
- You should review all imported transactions to verify that the information is complete and accurate before filing.
Most imports are completed within 24 hours.
What If My Import Is Still Pending After 24 Hours?
If your request is still pending after 24 hours, delete the pending request and submit a new import request.
A second request often resolves issues caused by temporary communication problems between the brokerage and the import service.
Do I Need to Make Any Manual Changes?
Possibly. Certain transactions may require adjustments that cannot be imported automatically.
If a transaction requires an adjustment, you'll need to manually enter or edit that information after the import is complete. Be sure to compare the imported data to your brokerage statement before filing.
Can I Import Capital Gains From a Prior Year?
No. MeasureOne only supports imports for the current tax year return.
Prior-year capital gains and losses cannot be imported through MeasureOne and must be entered manually if needed.
Will MeasureOne Import My 1099-INT and 1099-DIV Information?
No. The MeasureOne import feature only imports capital gains and losses reported on Form 1099-B.
Interest income reported on Form 1099-INT and dividend income reported on Form 1099-DIV must be entered separately in your tax return.
If you are uploading tax documents instead of connecting to a brokerage account, a consolidated or composite brokerage statement generally cannot be used when it contains dividend or interest transactions. Only the 1099-B transaction information should be included in the upload.
What If I Don't Have an Online Brokerage Account?
You can still use MeasureOne even if you don't have online access to your brokerage account.
When prompted to sign in to your brokerage:
- Select Upload Documents Instead.
- Choose Add Document.
- Select your 1099-B PDF file from your device.
- Upload the document.
MeasureOne will process the uploaded information and import eligible 1099-B transactions into your return.
Important Reminders Before Filing
- MeasureOne only imports current-year Form 1099-B transactions.
- Review all imported transactions for accuracy.
- Any required basis adjustments or special reporting adjustments may need to be entered manually.
- Form 1099-INT and Form 1099-DIV information must be entered separately.
- If an import remains pending for more than 24 hours, delete the request and try again.
Importing your 1099-B data can significantly reduce manual entry and help speed up tax preparation, but it's still important to compare imported information against your brokerage records before submitting your return.