To import data from participating financial institutions, simply follow these directions:
- From the TurboTax® File menu, choose Import, and then choose From Financial Partner.
- Select your financial institution from the list. Select T. Rowe Price Mutual Fund Accounts to retrieve individual mutual fund accounts or T. Rowe Price Brokerage Accounts to retrieve Brokerage accounts, and click Continue.
- Enter your T. Rowe Price user name and password and click Continue. You must perform this process twice if you hold both mutual fund accounts and Brokerage accounts with T. Rowe Price in order to capture data from all of your tax forms. You will use the same T. Rowe Price user name and password each time you perform the process.
- A pop-up box will appear, indicating that your information is being imported. If, for some reason, access is denied, an error message will appear.
- When the import process is successful, a list will appear at the top of the screen indicating your account activity related to income. You may click Details below the list to review specific information related to any highlighted activity. Click Close to close the details window.
- Select any or all of the entries listed and then click Import Now. This will bring your account information directly into TurboTax®. You will see a screen indicating whether the import was successful. If you want to import data from any other financial institutions, click the Yes link to repeat the process. Otherwise, click No to return to your previous work.
The Access T. Rowe Price screen in TurboTax® asks you to enter a user name and password to import your 1099 data. This is the user name and password you have already established for access to your individual mutual fund accounts, IRA, and Brokerage accounts through troweprice.com. Your password (also referred to as a PIN) is six to 10 characters long with at least two numbers and two letters.
Click Log In in the top right corner of the page and follow the online instructions to register for online account access.
For detailed information regarding tax form mail dates, please refer to our Tax Information Mailing Schedule.
1099 tax form data for tax year 2015 for individual mutual fund accounts and IRAs will be available until October 15, 2016. 1099 tax form data for tax year 2015 for Brokerage accounts will be available until December 2016.
If T. Rowe Price is reporting average cost basis information on your accounts, the gross loss will import into TurboTax®. It will not be adjusted in the instance of a wash sale. To adjust the reported loss, edit the imported sale information. You will be presented with a set of wash sale questions. In answering them, the TurboTax® program will adjust the allowable loss.
No. The holding period is not imported automatically. Edit the sale information in order to distinguish between long- and short-term sales. Note that for mutual funds you may use the term Various in the Date Acquired field.
Yes, you will receive paper copies of 1099 tax forms from T. Rowe Price. This download feature merely allows you to automatically import your T. Rowe Price data into TurboTax®, eliminating the need to manually enter this information from your paper forms.
If you receive a corrected 1099 tax form in the mail and have already imported the data into your TurboTax® return, you will need to delete your previous import. To delete previously imported data within TurboTax®, go to the File menu and select Remove Imported Data. Unfortunately, due to a system limitation, the corrected 1099 tax data cannot be reimported.
As a convenience for individual mutual fund accounts, 1099-B imports include cost basis information for both covered shares and noncovered shares (to the extent that such information for noncovered shares is available). This cost basis for mutual funds is calculated using using Average Cost as the default method unless you chose another method. 1099-B imports do not include cost basis information for Brokerage accounts.
Please visit the Tax Planning section of our website for more on calculating cost basis.
Due to e-file limitations, you will be unable to e-file if you have imported more than 10 1099-R forms combined from all of your financial institutions. TurboTax® will prompt you if you have exceeded the maximum number of 1099-R forms and are ineligible for e-filing. You will still be able to print and mail your return using the TurboTax® product.
Yes, you will be able to import 1099 tax form data into TurboTax for individual mutual fund accounts and IRAs until October 15. 1099 tax form data for Brokerage accounts will be available for import until December. However, if you closed an individual mutual fund account or IRA during the tax year, data for these closed accounts will only be available for download until June.
Visit the TurboTax website for more information about TurboTax® software.
Intuit, TurboTax®, and TurboTax® Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties™ trademarks or service marks are the property of their respective owners.
H&R Block® Online and Tax Software tax programs are software and online applications that can assist you in the preparation and filing of your federal and state tax returns. Using H&R Block® Online and Tax Software Programs, you can import your T. Rowe Price 1099 Consolidated Tax Statement information directly into Online and Tax Software Programs, eliminating the need to enter the information manually. You must obtain H&R Block® Online and Tax Software Programs independently. They are not provided by T. Rowe Price.
No. All of your account information used by H&R Block® Online and Tax Software is located and stored at T. Rowe Price. H&R Block® Online and Tax Software serves as an interface between your computer and T. Rowe Price.
- H&R Block® Online and Tax Software sends the access information you provide (user ID and password ) to T. Rowe Price's server for authentication and authorization. (Authentication verifies your identity, and authorization verifies permission to fulfill a request.)
- A secure pathway is established between T. Rowe Price's server and H&R Block® Online and Tax Software.
- Using the secure pathway, T. Rowe Price's server transmits your data to the H&R Block® Online and Tax Software program on your computer. H&R Block® Online and Tax Software accepts the data as-is from T. Rowe Price (that is, H&R Block® Online and Tax Software does not modify, filter, add, exclude, or block any data).
T. Rowe Price is using an industry standard Open Financial Exchange (OFX) server to provide the data to you over a secured Internet connection.
- Tax-deferred accounts (such as IRAs and retirement plans)
- Corporate accounts
Yes. Transactions that are not reportable on Form 1099-B, such as options sales, will not have their associated cost basis information imported. Even though T. Rowe Price may provide the cost basis and acquisition date information associated with sales transactions reported on Form 1099-B, it is your responsibility to verify and reconcile that information with Form 1099-B. Form 1099-B reports sales proceeds only and does not report gain or loss on a transaction.
No. You must check your own records to determine if you are correctly reporting any potential wash sale(s) transactions.
No. You will still receive your 1099 forms in the mail. The H&R Block® Online and Tax Software program import features are not a substitute for 1099 forms.
H&R Block® Online and Tax Software Programs will import tax information for all accounts having the same Social Security number as the one you enter on the "Login to T. Rowe Price" screen. If a spouse has separate accounts or a joint account with the other spouse's Social Security number, the tax information for that account has to be imported separately using that Social Security number.
You can manually adjust your H&R Block® Online and Tax Software program return to reflect the "corrected" 1099 information or you can remove and reimport the data. You should review the reimported H&R Block® Online and Tax Software program data against the corrected 1099. Please note that the corrected 1099 is the official document sent to the IRS by T. Rowe Price.
For technical questions about H&R Block® Online and Tax Software product installation, usage, and functionality, you should go to hrblock.com/customer_support/.
Your password to import tax information into H&R Block® Online and Tax Software Programs is the same as your T. Rowe Price password.
Any time you use an H&R Block® Online and Tax Software program import process and provide personal information (such as an account number or password), it is encrypted using Secure Socket Layer (SSL) technology. SSL protects information as it crosses the Internet. To support this technology, you need an SSL-capable browser. Microsoft's Internet Explorer 6.0 or higher is required to run the H&R Block® Online and Tax Software program; this version of Internet Explorer is provided on the H&R Block® Online and Tax Software program CD. The browser will activate SSL automatically whenever you use the H&R Block® Online and Tax Software program download. The 128-bit encryption is one of the most secure forms of Internet data encryption available.
T. Rowe Price does not provide tax advice. It is important that you consult a professional tax advisor regarding your individual tax situation. It is important to understand that the tax information imported from T. Rowe Price to H&R Block® Online and Tax Software products may not be all of the information required for you to properly complete the investment income portion of your federal and/or state tax returns. It is essential that you complete the H&R Block® Online and Tax Software Interview and/or Review processes in their entireties and that you provide full and complete answers to ensure that your tax information is correctly reported to the IRS and/or the state(s) to which you report. This material was not intended or written to be used, and it cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws.
Be sure to verify the information that you import with your own records in order to ensure accurate and complete reporting of all required tax information on your federal and/or state tax return(s). Although T. Rowe Price is providing the tax information import as an added service, T. Rowe Price does not guarantee that the information provided is sufficient for tax reporting purposes, and T. Rowe Price is not liable for your reliance upon or use of the import feature or the data provided through such feature. If you have specific questions regarding the preparation of your tax return, contact your tax advisor, the IRS, or the state(s) to which you report.
H&R Block® Online and Tax Software are registered trademarks of H&R Block®, Inc, in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners.