Is it possible to enter the total for each line from the broker statement without having to enter 17 pages of transactions?
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Yes but you still use the worksheet
Short term with basis reported total
Short term with basis not reported total
Short term not on 1099-B total
Repeat for long term
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Yes, it's been permitted for years.
Where do I find Direct Entry for Pro Series Basic?
Use the schedule D worksheet. Not directly on the form.
Just use the total by type of transaction.
Is it necessary to attach the 1099B?
No.
Had a client doing Robinhood's Margin Glitch with 178 pages of transactions. No way he could afford my fee to input that many transactions.
I enter most of the stuff directly onto Sch D. See 1a and 8a:
https://www.irs.gov/pub/irs-pdf/f1040sd.pdf
You have to have basis reported and no wash sale (or other) adjustments. That's most of what I see these days though. They're so much easier when they're covered, smothered & scattered.
