Melathome
Level 2
‎04-10-2022 11:05 AM

I received 2 reports from my client one with Capital gains info and the other with Income items.  Neither were reported to the IRS. How do I enter the on form 1099B worksheet other than manual entry ? Is there an export w/s from ProSeries I can populate or a format for an Excel w/s I can upload to ProSeries ? 

Summary by sale date for manual entry is not practical as transactions occurred on more than 25 days per month.

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IRonMaN
Level 15
‎04-10-2022 11:40 AM

Scan the forms and attach as a pdf.  Then enter the totals on the 1099B worksheet.


Slava Ukraini!
Melathome
Level 2
‎04-10-2022 12:38 PM

thought about that but Intuit site states that you can only use summary amounts on From 8949 if basis is reported to IRS.

https://proconnect.intuit.com/community/form-1040/help/how-do-i-attach-a-stock-summary-to-the-schedu...

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IRonMaN
Level 15
‎04-10-2022 12:39 PM

I thought you said it wasn't reported.  If cost is reported, then you can just enter totals.


Slava Ukraini!
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Melathome
Level 2
‎04-10-2022 12:51 PM

i'm sorry I am confused. that is correct, nothing was reported to IRS including basis.  what is the difference between entering totals versus summary totals ?

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TaxGuyBill
Level 15
‎04-10-2022 01:39 PM

If Basis is reported, see first picture.

If Basis is not reported, see second picture and use "M" for the adjustment code.  Then attach a PDF.

 

1.jpg

 

 

2.jpg

View solution in original post

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Melathome
Level 2
‎04-10-2022 03:45 PM

thank you so much, i see now

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