Raymond James 1099-B to TurboTax: Composite Statement to Clean Import

Raymond James sends you a document called the 1099 Composite and Year-End Summary — a single, dense package that rolls your 1099-B together with dividends, interest, and a stack of supplemental detail. It's thorough, which is great for accuracy and frustrating when you just want the sale transactions into TurboTax without reading forty pages. Here's how to pull exactly what you need and get it filed.

Raymond James accounts are usually advisor-managed and self-cleared through Raymond James & Associates, so the tax package tends to be transaction-heavy and detail-rich. That's the situation where a clean conversion earns its keep.

Understanding the Raymond James 1099 Composite

The Composite bundles several IRS forms into one document:

• 1099-B — your securities sales, the part that feeds Form 8949 and Schedule D
• 1099-DIV / 1099-INT — dividends and interest
• Supplemental pages — realized gain/loss detail, cost-basis breakdowns, and fee summaries

Only the 1099-B section drives your capital gains reporting. The supplemental realized gain/loss pages are useful for reconciling, but you don't type them into TurboTax separately.

To download it:

1. Log in to Raymond James Client Access
2. Go to Documents → Tax Reporting (or Tax Documents)
3. Select the tax year
4. Download the 1099 Composite PDF

Option 1: Direct TurboTax Import

Raymond James supports importing into TurboTax:

1. Open the investment income / 1099-B section in TurboTax
2. Search the broker list for Raymond James
3. Sign in with your Client Access credentials
4. Import and review

If it connects cleanly, verify the totals and move on. If you hit a login loop, a zero-transaction result, or a timeout during peak season, don't keep retrying — go to the PDF method, which doesn't rely on the live feed.

Option 2: Convert the Composite PDF

This is the reliable path and the one that also produces a CSV for a preparer:

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

The converter reads the 1099-B section of the Composite and ignores the dividend, interest, and supplemental pages, so you get just the sale transactions in Form 8949 with cost basis, holding period, and wash sale amounts intact. See CSV vs TXF vs Excel for which format to choose.

Cost-Basis Details on a Managed Raymond James Account

The Composite's thoroughness reflects the account's complexity. Watch for:

• Reinvested dividends (DRIP). Advisor accounts reinvest distributions, and each reinvestment is a separate lot — see DRIP dividend reinvestment cost basis.
• Noncovered securities. Long-held positions may report no basis. Fill those in from your records or the supplemental realized gain/loss pages — see noncovered securities with missing cost basis.
• Wash sales across the portfolio. Managed turnover in overlapping funds triggers wash sales; the disallowed amounts must carry to Form 8949 — see understanding wash sales on your 1099-B.
• High transaction counts. A full managed portfolio produces far more rows than you'd want to type — see 1099-B with too many transactions.

Should You Wait for a Corrected Composite?

Raymond James accounts hold funds and securities that reclassify income after year-end, so a corrected 1099 Composite is common — often landing in March after the initial February issue. A reclassified distribution can shift cost basis and change what appears in your 1099-B, so filing off the first version and then receiving a correction can force an amendment.

For a managed Raymond James account, the safer sequence is:

1. Prepare your return from the first Composite, but hold off e-filing if you own funds prone to reclassification
2. Check the Tax Reporting page for a "corrected" flag through late March
3. If a corrected Composite posts, convert that one and compare its 1099-B totals against your draft

If you already filed and a corrected Composite showed up afterward, see corrected 1099-B that wiped out your TurboTax import for what to re-import and whether you need to amend at all.

Reconcile Using the Supplemental Pages, Then File

Raymond James gives you a realized gain/loss summary precisely so you can check your work:

1. Match your Form 8949 total proceeds to the 1099-B summary
2. Cross-check the realized gain/loss total against the supplemental pages
3. Confirm noncovered lots have basis and wash sale amounts carried through
4. Verify short-term vs long-term classification

If your Form 8949 total and the Composite's realized gain/loss summary agree, your import is clean.

FAQ

Does Raymond James import into TurboTax?

Yes. Search for Raymond James in TurboTax's broker list and sign in with your Client Access credentials. If the import fails or stalls, convert the 1099 Composite PDF to TXF or CSV instead.

What is the Raymond James 1099 Composite?

It's a single document that combines your 1099-B, 1099-DIV, and 1099-INT plus supplemental realized gain/loss detail. For capital gains you report only the 1099-B section.

Where do I download my Raymond James 1099-B?

Log in to Raymond James Client Access, go to Documents → Tax Reporting, select the tax year, and download the 1099 Composite PDF. The 1099-B is inside it.

Do I need to enter the supplemental gain/loss pages into TurboTax?

No. Those pages are for reconciling. You report from the 1099-B section only; the supplemental detail just helps you verify your totals match.

Can I get a CSV for my accountant from the Composite?

Yes. Upload the 1099 Composite PDF to a converter and download a CSV of the 1099-B transactions for your preparer.

My Raymond James Composite is 40+ pages. Do I enter every transaction?

No. Convert the PDF and import the whole 1099-B section at once. The length comes largely from supplemental detail you don't retype.

Does a Raymond James IRA generate a 1099-B?

No. Trades inside an IRA aren't taxable capital-gains events, so IRAs don't produce a 1099-B. Only your taxable Raymond James accounts do — don't expect IRA activity on your Form 8949.

What if my Composite covers more than one Raymond James account?

Each account's sales are reported in their own 1099-B section within the Composite. A converter reads all of the 1099-B sections; just confirm the combined proceeds match the Composite's overall summary before filing.

Bottom Line

Raymond James supports TurboTax import, so try it first. But the 1099 Composite is long and these accounts are transaction-heavy, so the reliable move — and the one that gives you a CSV to reconcile — is to download the Composite PDF and convert the 1099-B section to TXF or CSV. Use the supplemental realized gain/loss pages to confirm your totals, then file.

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Have a Raymond James 1099 Composite? Convert your 1099-B free — upload the PDF, pull just the 1099-B transactions into a clean TXF or CSV, and reconcile against the Composite's own gain/loss summary.