How to Import Information to H&R Block Tax Software

Please Note: If you received a notification that your Consolidated 1099 is bachelor, so please be aware that your tax data volition non be available in H&R Block until ~72 hours later on.

Now that tax season is here, let's put your calculator to work. As an H&R Block user, so you tin import your tastyworks transaction data to prepare your taxes. Please follow the illustrated instructions below, but before you get started, make certain that your software is upward-to-date. Typically, the software will check for updates on startup, only you can also update it manually, as illustrated below.

A short note about transaction limits

*Please Notation: Importing tastyworks data requires the Deluxe version of H&R Block or improve. However, H&R Block Online requires Premium or amend. Also, there may exist transaction limits with H&R Block Tax Software software. H&R Block Taxation Software users with ii,000 or more transactions or H&R Block Online users with 500 or more transactions may experience bug when importing your transaction data (Form 8949 & Schedule D) due to software limitations.

Once your H&R Block Taxation Software has fired up, proceed to the Federaltabandclick Income. Afterward, the software will ask, Where practise you lot desire to go? You'll see a list of income sources — select Sale of Stocks, Bonds, Mutual Funds, and Other Securities (1099-B) and click Go To.

Afterward clicking Go To, click the Import 1099-B button. Later clicking, a window will pop-up, and the software volition connect to the cyberspace to retrieve brokerage data.

Side by side, the software will retrieve a listing of financial institutions. Delight search for tastyworks, so click to highlight and click Import. The software will retrieve login information.

After selecting tastyworks, enter your tastyworks account number (for example, 5WT#####) and social security number/Tin can (without dashes). So, click Continue. Please remember merely to enter a non-ira, or non-qualified, account into the account number field. IRA accounts do non receive a Consolidated 1099. To locate your account number, please log in to your account at tastyworks.com or click here. Your business relationship number is listed in the blue Account Status area.

The password for entity accounts is the Tax Identification Number (Tin can) associated with the account. Additionally, for a joint account, the password is the SSN of the person who initially started the joint account application.

If you only installed H&R Block and are experiencing issues with logging into your tastyworks account, then your software may demand an update. Close H&R Cake and relaunch it. The software volition remember updates equally necessary, and y'all should exist able to log in after that.

Later you enter your tastyworks account credentials, the software volition retrieve your information. This may accept a moment.

Afterwards your import is complete, y'all will have a hazard to review all your transactions. If your Consolidated 1099 included a Course 1099-DIV, Course 1099-INT, Form 1099-OID, or Form 1099-MISC,they would also list in this expanse. Please review earlier clicking close on the bottom right-paw corner.

After reviewing and clicking Close, you can complete this step past clicking FINISHED on the software's bottom right-hand corner. Yous volition be prompted i more time to verify your information.

                                          The total proceeds listed in H&R Block may not match your total gain listed on your Consolidated 1099                      due to the new                    0.00 price footing methodology adopted for short equity options                    . Furthermore,                      H&R Block will round each transaction to the nearest whole dollar. Equally a consequence, in that location may be a variance to the cyberspace gain/loss listed on your Consolidated 1099.                      As long equally your overall p/50 is consistent, the proceeds listed generally do not affect your filing.


Importing Securities Data

If you receive an error stating that a transaction has missing data or requires data, then chances are you held a position to expiration. To remedy this, please check your 1099 to make sure that the missing information is, indeed, an expired position. You can quickly locate expired transactions in the Gain from Broker and Barter Commutation Transaction department past searching for an EXPIRATION label listed in the Additional Data column. Beneath, we have an example of a two-lot of TSLA 01/19/18 285 puts that expired worthless.

If the position did elapse, then you'll demand to enter  0.00 into the toll ground for expired brusque positions or enter 0.00 into the gain for expired long positions.

Did you receive an mistake that some of your positions are missing data?

Did you receive the following error message below when importing your 1099 transactions? If so, and so you had over 2,000 transactions in your Proceeds from Broker and Barter Exchange Transaction department, which is the limit for H&R Block. No need to panic though, you lot can nevertheless file manually. Later receiving the error below, click Cancel.

Next, instead of clicking Import 1099-B, y'all will click Enter Manually.

Now, enter tastyworks into the description and  your tastyworks business relationship number.


At present, click Add Sale.

Later on clicking Add together Auction, the software will ask if you desire to enter a group of sales. Click Yes. All you volition report when entering it equally a group are the totals listed in the Summary of Sale Proceeds on the Taxation Summary page.

Now, to the description of sales. In the example below, since we are reporting short-term sales, you may enter tastyworks short-term in the Description and VAR-S in the Engagement Acquired field.

However, if y'all are reporting long-term sales, then repeat these steps from the first after submitting. Then you may enter tastyworks long-term and VAR-L into the Date Caused field.

And so, enter the Proceeds (ruddy box and pointer) and Cost Footing (bluish box and pointer) listed on your Consolidated 1099 into the software. Lastly, if you are subject to Federal Income tax withholding, then enter it. Once complete, click Next.

After entering your group sales information, you'll return to the Tell united states virtually the sales on this Form 1099-B department. You'll detect that the realized proceeds or loss will friction match to the nearest whole dollar. Retrieve, if you need to report long-term gains or losses, then repeat these steps.

How to file when you have more than 2,000 transactions

Before you pat yourself on the back and relax, yous may want to bank check and see if yous traded any cash-settled alphabetize options or futures (Section 1256 Contracts). In other words, if you run across figures listed in the Regulated Futures Contracts & Section 1256 Options section in the Revenue enhancement Reporting Statement (generally listed on page 1 of your Consolidated 1099)or received a Substitute Form 1099 Argument from trading futures, then you have 1 more stride.

If you did not trade whatsoever Section 1256 Contracts, and then you may disregard the section beneath. To read more than about Section 1256 Contracts, then delight click here.

Now, information technology's time to enter the profit/loss from Section 1256 products. Render to the Incomesection of the Federal tab. Locate and click Go To for Section 1256 Contracts and Straddles.

Afterward clicking Become To for Section 1256 Contracts and Straddles, the software will ask, "Did you or your spouse hold any section 1256 contracts or straddles during 20xx that were not sold on or earlier Dec 31, 20xx?" Please click Yes to access Form 6781 so you lot tin can report your overall profit or loss.

Here, y'all tin can access Form 6781 to enter your profit or loss from Section 1256 contracts. Click Whole Form to enter your total turn a profit or loss from trading these contracts.

Earlier you venture on to the whole form, you will want to dig up your Consolidated 1099. Namely, you'll want to go to the Tax Reporting Statement page (by and large page 1), where you can locate the Aggregate profit or (loss) on contracts from trading Department 1256 Options. Beneath, we've illustrated where you can notice this.

                    Did you trade any outright Smalls or CME futures contracts, options on futures, or any Section 1256 options contract? If and so, you will need to accept the sum of your amass profit or loss in your Consolidated 1099 (pictured to a higher place) and the amass profit or loss from your Substitute 1099 Argument for futures (shown below). Both tax forms, if issued, tin can exist found in your                    Tax Center                    . Below, is an example of a Form 1099-B Futures with a $542.30 profit is illustrated below.

Kickoff, yous'll need to check the applicable box. If y'all're just reporting trades of 1256 Contracts, then you tin can cheque box 'D.'

In this example, this Consolidated 1099 booked a $64.68 profit. You're now ready to enter this number into Role I Section 1256 Contracts Marked to Market on Class 6781. Hither, you will demand to enter:

  • (a) Identification of account: tastyworks (or however you want to label it)
  • (b) Loss: (if there was a loss, then enter the amount hither)
  • (c) Gain: $64.68 (or $542.30 + $64.68 if you traded futures)

After you have entered your turn a profit or loss from Department 1256 Contracts, you may movement onto the next folio to complete your tax filing.

Department 1256 Contracts: Greenbacks-settled Index Options & Futures

If you lot are filing your return using H&R Block, please follow the instructions below, for calculation your cryptocurrency 1099-B data. Nether the Income department of the software, you will click the "Go To" button, next to "Sale of Stocks, Bonds, Mutual Funds, and Other Securities (1099-B).

Click the "Add 1099-B" button, to begin submitting your information.

Type cryptocurrency in the clarification box, then click the side by side button.

Click the "Add Sale" button, to begin entering your cryptocurrency details.


Y'all will only enter in each transaction y'all made, using the details of your 1099-B.  Once the information has been entered, simply click the "next" push button, on the lower correct.


From hither, only echo steps four and 5, until all cryptocurrency transactions have been entered.

Import a cryptocurrency 1099-B