Import to TurboTax® Software
About the Service
You can import tax data from your Edward Jones accounts directly into Intuit’s TurboTax® program using your Edward Jones Online Account access user ID and password. Tax data available includes the information from Forms 1099-B, 1099-DIV, 1099-INT, 1099-MISC, 1099-OID and 1099-R. By downloading your tax data, you avoid having to determine which information from which form needs to be entered into specific fields in the TurboTax® software.
How Does It Work?
- If you haven’t already done so, you will need to install TurboTax®. The various 1099s you receive may determine which version of TurboTax® you will need. You may also use TurboTax® for the Web (available at www.turbotax.com).
- When you open the program, TurboTax® should walk you through the steps necessary to complete your tax return, or you may go directly to the data import step from the main menu if using the software version or the Income tab if using the online version. Consult the Help section within TurboTax® or contact the software’s support center for instructions.
- When you reach the “Import Investment Income” step, you should see a list of brokerage firms offering downloads. Select Edward Jones from the list and proceed.
- For authentication purposes, you will be prompted to enter your Edward Jones Online Account access user ID and password. If you need to enroll in account access, visit www.edwardjones.com/access.
- A list of available tax information for each current account associated with your account access User ID and Password will display. You may download any or all of the information, importing it directly into TurboTax®. If you have recently closed an account that received taxable income, please read our instructions on viewing closed account information in account access before importing your data into your tax preparation software.
- TurboTax® should automatically report your information in the appropriate sections of your federal income tax return. However, please verify the imported information against your own records to ensure accurate and complete reporting of all required tax information.
Manual Entry of Additional Information
All tax data found on a 1099 form (1099-INT, 1099-DIV, 1099-B, 1099-OID and 1099-MISC) can be automatically imported into Turbo Tax®. However, there may be additional information in the Consolidated 1099 Statement that you should enter manually into Turbo Tax®.
The Additional Tax Information section of the Consolidated 1099 Statement includes information regarding:
- Foreign Dividends Received: If you had foreign tax withheld from dividends, Turbo Tax® may ask for the amount of Foreign Dividends Received. You can find the amount of Foreign Dividends Received/Foreign Source Income in the Additional Tax Information section of the Consolidated 1099 Statement.
- Potential State Tax Exclusions from Federal Obligations: If you have mutual funds that received a portion of their income from federal obligations, this amount may be excludable from state taxable income based upon the state’s law.
- Potential State Tax Exclusions from Municipal and U.S. Territory Obligations: If you have tax- exempt interest or dividends, Turbo Tax® may ask you to input the state where the obligations originated. The Additional Tax Information will list the amount of tax-exempt income earned on obligations issued by your state of residence and owned by you both directly and indirectly.
The Summary of Investment Income Information section of the Consolidated 1099 Statement includes information regarding:
- Accrued Interest Paid to Purchase a Bond: Accrued interest you paid at the time of purchase may reduce the interest income you received from the bond.
- Municipal Original Issue Discount: Original issue discount income from municipal obligations is not reported on a 1099-OID and should be manually entered.
For assistance with Intuit’s TurboTax® program, visit the support website at www.turbotaxsupport.com. For assistance with Edward Jones Online Account Access, contact Edward Jones Online Support at 800-441-5203.
TurboTax is a registered trademark of Intuit Inc.
Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation.
You will need an Edward Jones Online Account Access user ID and password to import tax information into the e-Organizer software.
Our Tax Hotline is available at 800-282-0829 from mid-January through April 30.