TurboTax FAQ

Ameriprise Financial has worked with Intuit to provide clients the ability to import account information into TurboTax^®, so that you can enjoy the convenience of quickly filling out your return with your Ameriprise Financial tax information.

Please note that Ameriprise Bank information is not included.

• Who is able to import account information into TurboTax?
• How do I import my Ameriprise Financial tax data into a TurboTax return?
• Which forms will be available?
• When will tax forms be available to import?
• Can I use TurboTax if I receive an amended tax statement?
• Can I download cost basis information from the sale of a mutual fund into a TurboTax return?
• Can I download cost basis information from a sale of an equity/stock?
• How can I get additional TurboTax assistance?

Who is able to import account information into TurboTax?

Ameriprise Financial clients who have purchased the TurboTax software can use the import feature for the 1099 tax forms reported under their Social Security number (or other taxpayer identification number).

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How do I import my Ameriprise Financial tax data into a TurboTax return?

After you have purchased and installed the TurboTax software on your computer, follow the steps below to import the tax form data you have received from Ameriprise Financial.

You can also visit the TurboTax website for additional help installing the software or getting started in TurboTax. Be sure to download any recent updates to the program, if prompted.

• Open TurboTax on your computer.
• On the "Choose How to Enter Your Income" screen, select the "Guide Me Through Income" button.
• When given the option to save time by importing your investments, choose the "Import My Information" button.
• Next, you'll be asked to choose your financial institution from a list of possible options within the drop down menu. Select Ameriprise Financial and click "Retrieve Income."
• NEW! To import your tax form data sent from Ameriprise Financial, you will be prompted to enter your Package ID and the Document ID. This information can be found on the first page (cover page) of your tax statement. Be sure to enter the ID characters exactly as they appear, including any spaces, dashes and upper or lower case letters.

  Note: The cover page for your tax package can also be accessed online, as part of your tax statement. Clients who are registered for My Financial Accounts can access their online tax statement by logging in and selecting "Statements & Documents" from the "Your Accounts" tab.

• You might notice that when asked to select the Ameriprise Financial information you'd like to import into the TurboTax return, your account number(s) are in a different format than what you're accustomed to seeing - with different spacing and different zero placement.
• Once you have retrieved your Ameriprise Financial information, be sure to check it against the tax statements you received in the mail. Since the printed tax statement received in the mail is the official document of record, you will need to manually correct any inconsistencies found in the online version.

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Which forms will be available?

• 1099-B, Proceeds from Broker and Barter Exchange Transactions
• 1099-DIV, Dividends and Distributions
• 1099-INT, Interest Income
• 1099-MISC, Miscellaneous Income
• 1099-OID, Original Issue Discount
• 1099-R, Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
• Supplemental Realized Capital Gains/Losses information for mutual fund positions (does not include exchange-traded funds or closed-ended funds)
  Note: Realized capital gains/losses information for investments other than mutual funds will not be available to import.

There are some situations that might prevent importing tax information for certain forms.

After you import tax form information to your TurboTax return, carefully review and compare all items on your TurboTax return against the information you received on the tax forms that were mailed to you. It is important that all reportable activity has been accounted for and adjusted if necessary.

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When will tax forms be available to import?

For tax year 2008, the IRS has changed the mailing deadline to Feb. 17, 2009 for Form 1099-B and associated tax forms. With this change, you can expect to receive some forms in mid- to late February. For other forms, the deadline remains Feb. 2, 2009.

Important Note: If you use TurboTax, for more complete information, you should wait until you receive your Ameriprise Financial tax statements (either in the mail or online) before importing your tax information.

Generally, tax forms will be available to import into your TurboTax return on the date included in the chart below:

Tax Form	Available for Import by
1099-B	Feb. 17, 2009
1099-DIV	Feb. 17, 2009
1099-INT	Feb. 17, 2009
1099-MISC	Feb. 17, 2009
1099-OID	Feb. 17, 2009
1099-R	Feb. 17, 2009
1099-DIV for RiverSource® Real Estate Funds	Feb. 24, 2009
1099-OID for REMIC investments	March 30, 2009

The last date that tax data for tax year 2008 will be available for import is Oct. 15, 2009.

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Can I use TurboTax if I receive an amended tax statement?

Most amended tax statement data will be available to import into your TurboTax return by late February. Any additional corrected and/or late original tax form data will be updated and available to download generally within two weeks of when the correction is made.

Be sure to review the corrected information you have downloaded against the printed tax statements received in the mail. You may need to manually adjust or correct any inconsistencies found in the online version.

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Can I download cost basis information from the sale of a mutual fund into a TurboTax return?

Most realized gain/loss information is available to download directly into your TurboTax return for mutual fund positions. (Basis information for exchange-traded funds or closed-ended funds is not available.) We provide average basis information using the average basis, single-category method for mutual fund shares sold or redeemed as a service based on the information currently available to us. We do not report it to the IRS, nor do we recommend the average basis method over other IRS-approved methods.

Date of acquisition will not be supplied in the import process. Please refer to your own tax records to report the acquisition date to supplement the sale information that is provided in the import (in most cases). If you sold a block of stock that was acquired through several purchases, you may enter "various" in the space provided for date acquired. Consult with your tax advisor and the IRS instructions for Schedule D, Capital Gains and Losses, for additional information on reporting the date acquired.

Please note that you can not use this average basis information if you were not the original purchaser of the shares (for example, if you received the shares through a gift, divorce settlement or inheritance), nor can you use it if the shares were transferred between brokers. Please consult your tax advisor for these situations.

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Can I download cost basis information from a sale of an equity/stock?

For equities and other securities (not open-ended mutual funds), you will need to manually enter the cost basis and date acquired for each transaction using information from your records, or in some cases, basis information that we have provided to you.

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How can I get additional TurboTax assistance?

For comprehensive technical support or answers to questions not addressed here, visit the support section of the TurboTax website.

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