LPL FINANCIAL TURBOTAX® 2015 USER GUIDE · PDF filethose securities will now be included in the 1099-INT and 1099-OID and supported on Turbo Tax. It is important, however,

LPL FINANCIAL TURBOTAX
2015 USER GUIDE

www.lplfinancial.comLPLFinancialandTurboTax/Intuitarenotaffiliatedentities.Tracking#1457780

www.lplfinancial.com LPLFinancialand TurboTax/Intuit are not affiliated entities. Tracking #1457780
Content
1. 1099 File Download
1.1. LPL
1.2. AXA Advisors
2. 1099 Form Navigation
2.1. 1099-DIV
2.2. 1099-INT
2.3. 1099-B
2.4. 1099-MISC
2.5. 1099-OID
2.6. 1099-R
3. Whats new to Turbo Tax 2015
4. FAQ

1. Login
1.1. LPL
1) Open TurboTax 2015
2) Click File, go to Import and select From Financial Institution
3) Type in LPL Financial in the Im looking for field of the Let Us
Enter Your Bank and Brokerage Tax Documents page.

3) Enter your Account View/Client Portal (WealthVision) username and password in the Sign on to LPL Financial page. Click Continue
4) All clients 1099 form (1099R, DIV, OID, MISC, B, 8949) will be populated in the These Documents Are Now Ready for Import Page. Click Import Now to complete. Note: Turbo Tax does not support 1099Q,

1) Login (continue)
1.2. AXA Advisors
1) Open TurboTax 2015
2) Click File, go to Import and select From Financial Institution
3) Type in AXA Advisors in the Im looking for field of the Let Us Enter Your Bank and Brokerage Tax Documents page

4) Enter your Account View username and password in the Sign on to AXA
Advisors,LLC page. Click Continue
5) All clients 1099 form (1099R, DIV, OID, MISC, B, 8949) will be populated
in the These Documents Are Now Ready for Import Page. Click Import Now to complete. Note: Turbo Tax does not support 1099Q,

2) 1099 Form Navigation
2.1. 1099DIV
1) Click on Federal Taxes tab and click Continue
2) Click on Explore on My Own
3) Click on Update next to Dividends on 1099DIV under Interest and Dividends section

1) 1099 Form Navigation (Continued)
2.2. 1099INT
3) Click on Update next to Interest on 1099INT under Interest and Dividends section

2.3. 1099B
3) Click on Update next to Stocks, Mutual Funds, Bonds, Other under Investment Income section. Click Edit, then click Easy Guide to validate other information (Date of Acquisition, Wash Sale Disallowed, Federal and State Withholding, Type of Gain or Loss, etc)

2.4. 1099MISC
3) Click on Update next to Income from Form 1099MISC under Other Common Income section

2.5. 1099OID 1) Click on Federal Taxes tab and click Continue 2) Click on Explore on My Own 3) Click on Update next to Interest on 1099INT under Interest and
Dividends section

2.6. 1099R
3) Click on Update next to IRA, 401(k), Pension Plan Withdrawals (1099R) under Retirement Plans and Social Securitysection.
4) Click Edit on Your 1099R Entries page

3) Whats New to Turbo Tax 2015?
Real Estate Mortgage Investment Conduit (REMIC) & Widely Held Fixed Investment Trust Information (WHFIT)
With the recent integration of our REMIC and WHFIT information on the 1099-Consolidated form, applicable interest and original issue discount income from those securities will now be included in the 1099-INT and 1099-OID and supported on Turbo Tax. It is important, however, to reference the hard copy of the REMIC & Widely Held Fixed Investment Trust portion of your 1099 in order to include any other necessary information with your filing.
4) FAQ
Q: I have multiple accounts with LPL/AXA; will all tax forms be selected after putting in my username and password in the Sign on to LPL Financial/AXA Advisors, LLC page? Yes, all available tax forms would be selected for all your accounts under one affiliate.
Q: How can I download my tax data to Turbo Tax? You will need to have an active Account View profile to upload your tax data into Turbo Tax. Forms will be available for download once all of the forms for your account(s) are available. We recommend you wait to download your tax forms until you have received your tax statements in the mail to compare the data and ensure the Turbo Tax download is complete and accurate.
Q: Will I be able to import the cost basis information from the Realized Gains and Losses statement from BranchNet into Turbo Tax? No, but the cost basis will be automatically imported from the 1099-B form. You should refer to your mailed hard-copy statements for accuracy.
Q: I have foreign tax withheld on my 1099DIV and TurboTax is asking me how much are Foreign Dividends Received. What should I put in? This will require you to review the hard copy mailed to you. The 1099DIV detail section is grouped by Security, so you will be able to see which CUSIPs had TAX AT SOURCE for 1099DIV Box 6 (foreign tax). There will also be a country designation to the right in the CTRY column for any foreign securities. The sum of the subtotals for each foreign security net of foreign tax is the total Foreign Dividends Received.
Q: I have some expired options and option sale transactions in 2015. They are reported on my 1099Consolidated statement. Will I see those items in Turbo Tax? Yes, these transactions should be reported on your IRS Form 8949 (Box C) and Schedule D.

Q: Which tax forms can I import in Turbo Tax? 1099B, Proceeds From Broker and Barter Exchange Transactions 1099DIV, Dividends and Distributions 1099INT, Interest Income 1099OID, Original Issue Discount 1099MISC, Miscellaneous Income 1099R, Distributions from Pensions, Annuities, Retirement or Profit
Sharing Plans, IRAs, Insurance Contracts, etc. Please note that tax statements, such as 1099Q, not listed above are currently unavailable for import in TurboTax, you will need to manually input these items into TurboTax. Make sure you compare and verify all imported data against all tax statements you receive in the mail from LPL Financial/AXA Advisors.
Q: What should I do if I receive a Corrected tax statement? You can remove previously imported data and then reimport all tax data, or you may manually adjust your TurboTax return according to the corrected tax statements you received in the mail. Please make sure you carefully review and verify all data against the mailed copy of the tax statements you receive. To reimport data click the File menu, select Remove Imported Data, select the appropriate account number and click Remove All. Then you can reimport the corrected tax information.
Q: Why arent my cash settled options showing with the original proceeds and basis? Cash settled options contracts are now included on form 1099B. If the closing transaction, including expiration, is for a written option, the requirements for reporting are different than a traditional sale or even closing of short sale. For these transactions, the reported proceeds are the net of the proceeds received at opening and the cost to close. Cost basis on these transactions are reported as zero on form 1099B.
Q: Who do I contact for additional TurboTax assistance? For any technical questions, please contact Intuit TurboTax. For questions in regards to the tax data from LPL Financial/AXA Advisor
please contact your financial advisor.LPL Financial. A registered investment advisor. Member FINRA/SIPC.

Although the information contained in this document represents current tax laws regarding tax planning, neither LPL Financial nor any of its representatives provide legal or tax advice. The information provided cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. We therefore recommend consulting a tax advisor before making any decisions based on this information. To the extent you are receiving investment advice from a separately registered independent investment advisor, please n