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Schwab, Fidelity, Robinhood: How to Convert Any 1099-B

March 5, 2026

Every broker formats their 1099-B slightly differently. Here's what to expect from the most common brokers and how to convert each one.

Charles Schwab

Schwab's 1099-B is one of the more detailed formats. It includes:

  • Clear separation of short-term and long-term transactions
  • Box A (covered short-term), Box D (covered long-term), Box B/E (noncovered)
  • Wash sale adjustments in a dedicated column
  • A summary page at the end with totals

Common issue: Schwab's auto-import to TurboTax frequently fails during tax season due to high traffic. The TXF workaround is reliable.

Fidelity

Fidelity's 1099-B tends to be cleaner but can be very long for active traders:

  • Transactions grouped by account, then by type
  • "VARIOUS" used for date acquired when shares were bought at different times
  • Wash sales clearly labeled
  • Supplemental detail pages for complex transactions

Common issue: Fidelity sometimes splits a single security across multiple pages, making manual extraction error-prone.

Robinhood

Robinhood's 1099-B is notorious for being difficult:

  • Extremely long documents (active traders can have 50+ pages)
  • Cryptocurrency transactions mixed with stock transactions
  • Fractional shares with many decimal places
  • Options trades with complex descriptions

Common issue: Robinhood users often have hundreds of small transactions from fractional share trading. Manual entry is impractical.

E*TRADE / Morgan Stanley

After the Morgan Stanley acquisition, E*TRADE's 1099-B format changed:

  • ESPP (Employee Stock Purchase Plan) shares have special cost basis rules
  • RSU (Restricted Stock Unit) transactions may show $0 cost basis (requires W-2 cross-reference)
  • Multiple accounts consolidated into one document

Interactive Brokers

IBKR's 1099-B is highly detailed but dense:

  • Forex and futures transactions alongside equities
  • Section 1256 contracts reported separately
  • Very precise decimal amounts
  • Can run 100+ pages for active traders

How 1099-B Converter Handles All Formats

Our AI extraction doesn't rely on fixed templates. It understands the structure of a 1099-B regardless of formatting. Upload any broker's PDF and get:

  1. Every transaction extracted individually
  2. Correct categorization (short-term vs. long-term)
  3. Wash sale amounts preserved
  4. Clean CSV, TXF, and Excel output

The same upload process works for all brokers — no need to specify which one.