Now that tax seasons is around it’s time to reconcile all your dings (platform fill sounds) and file those taxes. If you’re an H&R Block Tax Software user, then you can import your tastyworks data to prepare your taxes.
*Please Note: Importing tastyworks data requires the Deluxe version of H&R Block or better.
Once you have your H&R Block Tax Software fired up, proceed to the “Federal” tab located along the top side of the window. After clicking the “Federal” tab, a sub-menu will appear immediately below the tabs. Click “Income,” there you’ll be presented with a list of income sources you can select to help you reconcile your taxes. Within that list, select “Sale of Stocks, Bonds, Mutual Funds, and Other Securities (1099-B).” You’ll then advance to the next step.
Here, you can import your tastyworks data. Click the “Import 1099-B” icon located in the top-half of the window, as illustrated below.
To import your tastyworks data, you’ll need to locate us in the list of “Bank, broker or financial institution name.” You may search for it in the text field located immediately above the list or scroll down the list to select tastyworks. After you select and highlight tastyworks, please click the “import” button located in the bottom right-hand corner of the window.
After selecting tastyworks, the H&R Block tax software will retrieve our login information so you can enter your tastyworks username and password. Please give it a moment to retrieve. Also, may want to make sure that your computer is connected to the internet.
You will be prompted with a login screen to input your tastyworks account number (for example, 6YL#####) and social security number. If you do not know your account number and want to look it up, then please log in to your account at tastyworks.com, or click here. Your account number is listed below “Account Status.” After you input your tastyworks account number and social security number click “import,” located on the bottom right-hand corner of the window. The software will work it’s magic and import all your data to the software.
Your password for an entity account would be the Tax Identification Number (TIN) associated with the account.
After entering your tastyworks account credentials and Tax ID, the software will begin importing your data. The amount of time it will take to import is dependent upon the number of trades you made during 2017.