Ameriprise 1099-B to TurboTax: Convert Advisor Statements to CSV

Ameriprise accounts come with an advisor, a financial plan, and a year-end tax package that reflects all of it — managed portfolios, reinvested distributions, and often positions you've held for years. When you sit down with TurboTax, you want that 1099-B in without retyping a portfolio's worth of transactions. Here's the clean way to do it, whether the direct import works or not.

The wrinkle with Ameriprise, like most full-service firms, is that your trades clear through a separate entity and your document is a thick Consolidated 1099. Neither is a problem once you know where to click.

What Ameriprise Sends You

Ameriprise issues a Consolidated 1099 through the secure site, prepared by Ameriprise Financial Services and cleared through American Enterprise Investment Services (AEIS) — the clearing name you may see on the document header. Inside it:

• 1099-B — securities sales (your capital gains data)
• 1099-DIV and 1099-INT — dividends and interest

For Form 8949 and Schedule D, you report from the 1099-B section.

To download it:

1. Log in to your Ameriprise secure account online
2. Go to Documents → Tax Documents
3. Select the tax year
4. Download the Consolidated 1099 PDF

If the header references AEIS rather than "Ameriprise," don't worry — that's just the clearing firm, and it's the same account.

Option 1: Try the TurboTax Direct Import

Ameriprise supports importing into TurboTax:

1. In TurboTax, open the investment income / 1099-B section
2. Search the broker list for Ameriprise
3. Sign in with your Ameriprise online credentials
4. Import and review the transactions

If it connects and pulls everything, review the totals and you're most of the way done. If it loops on login, returns nothing, or times out during the February–April crunch, switch to the PDF method rather than retrying endlessly.

Option 2: Convert the PDF (Reliable, and Gives You a CSV)

Use this if the import stalls or if you want a CSV for a CPA:

1. Upload your Ameriprise Consolidated 1099 PDF to a PDF-to-CSV/TXF converter
2. Preview the extracted transactions and confirm they match the PDF
3. Download TXF (best for TurboTax Desktop) or CSV (best for a preparer or spreadsheet)
4. In TurboTax Desktop: File → Import → From Accounting Software → TXF File

Every row lands in Form 8949 with proceeds, cost basis, holding period, and wash sale adjustments preserved — no live broker connection required. See CSV vs TXF vs Excel to pick the format for your situation.

The Managed-Account Details to Watch

Ameriprise advisor accounts tend to raise the same handful of cost-basis issues that catch people out at filing:

• Reinvested dividends and capital gain distributions. Managed funds distribute and reinvest, and each reinvestment is a new lot with its own basis. See DRIP dividend reinvestment cost basis.
• Noncovered securities. Older holdings may report no cost basis. You supply it from your records or the advisor's supplemental cost-basis statement — see noncovered securities with missing cost basis.
• Mutual fund average cost. Ameriprise portfolios lean on mutual funds, which often use average-cost basis reporting. If you sold partial positions, the method matters — see mutual fund 1099-B average cost vs FIFO.
• Transaction volume. Managed turnover produces a lot of rows you didn't personally trade, which is why conversion beats manual entry — see 1099-B with too many transactions.

Should You Wait for a Corrected 1099?

This matters more for Ameriprise than for a self-directed account. Managed portfolios hold mutual funds and other securities that frequently reclassify income after the fact — a distribution first reported as an ordinary dividend gets restated as a return of capital or a capital gain, which changes cost basis and can ripple into your 1099-B. Ameriprise, like most full-service firms, often issues a corrected Consolidated 1099 in March, sometimes more than once.

If you file the moment your first 1099 posts in February and a corrected version arrives later, you may have to amend. A safer rhythm for managed accounts:

1. Download the first 1099 and prepare your return, but don't rush to e-file if you hold funds prone to reclassification
2. Watch for a "corrected" flag on the tax documents page through mid-to-late March
3. If a corrected version arrives, convert that one and compare the transaction totals to what you prepared

If you already filed and then received a corrected 1099-B, our guide on a corrected 1099-B that wiped out your TurboTax import walks through what to re-import and when an amendment is actually needed.

Verify Before Filing

1. Match Form 8949 total proceeds to the Ameriprise 1099-B summary
2. Confirm noncovered lots have basis filled in
3. Check wash sale and any average-cost figures carried over correctly
4. Confirm short-term vs long-term classification

Reconcile against your advisor's supplemental cost-basis report if one was provided.

FAQ

Does Ameriprise import into TurboTax?

Yes. Search for Ameriprise in TurboTax's broker list and sign in with your online credentials. If the import fails or stalls during peak season, download the Consolidated 1099 PDF and convert it to TXF or CSV.

Why does my Ameriprise 1099-B say American Enterprise Investment Services?

AEIS is Ameriprise's clearing firm, so its name appears on the tax document header. It's the same account you hold with Ameriprise, and it reports the same way.

Where do I download my Ameriprise 1099-B?

Log in to your Ameriprise secure account, go to Documents → Tax Documents, select the tax year, and download the Consolidated 1099 PDF.

Can I get a CSV of my Ameriprise transactions for my CPA?

Yes. Upload the Consolidated 1099 PDF to a converter and download a CSV for your preparer or spreadsheet review.

Some Ameriprise mutual fund sales use average cost. Does that import correctly?

Yes — the reported basis on the 1099-B already reflects the method Ameriprise used. Converting the PDF carries that figure straight through; you just confirm it matches your own records.

My Ameriprise 1099-B is dozens of pages. Do I have to enter each row?

No. Convert the PDF and import the entire file at once, or use summary totals. Manual entry isn't realistic for a full managed portfolio.

Are Ameriprise advisory fees deductible on my 1099-B?

No. Advisory and management fees aren't part of your 1099-B cost basis or proceeds, and miscellaneous investment fees are no longer deductible for most filers after the 2018 tax law change. Your 1099-B reflects only the securities sales themselves.

Can I import an Ameriprise 1099-R the same way as the 1099-B?

No. A 1099-R reports retirement distributions and is entered in TurboTax's retirement section, not the investment sales section. The converter handles 1099-B sale transactions only — a 1099-R is a separate form entered separately.

Bottom Line

Ameriprise supports TurboTax import, so start there. But since these are advisor-managed accounts with reinvested distributions, mutual-fund average cost, and long-held noncovered lots, the dependable path is to download the Consolidated 1099 PDF and convert the 1099-B to TXF or CSV. Reconcile the noncovered and average-cost rows against your advisor's report, and file.

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Have an Ameriprise tax package? Convert your 1099-B free — upload the Consolidated 1099 PDF, preview every managed-account transaction, and get a clean TXF or CSV for TurboTax or your CPA.