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Does anyone have any idea if I can even USE Pro-Series to handle numbers more than a BILLION?
I have a (Real) client that has over a billion in stock transactions in 2019. I'm not going to enter them manually, but the 8949 A is a 10-figure number.
Will Lacerte handle numbers this big? Obviously somebody has this problem licked.
TIA
RK, EA
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If you have PS, try it.
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ProSeries chokes after 999,999,999
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Can you break it down into a few blocks, each less than a billion?
Or does ProSeries just choke if anything on the return exceeds a billion?
The more I know the more I don’t know.
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Yes, I have the program.
Yes, I can break it into 2 chunks, but the totals all end up as 999,999,999
The math stops working!
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What's a few billion to the IRS anyway???
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Then I guess you have your answer.
The more I know the more I don’t know.
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I was hoping someone knew either a work-around or if Lacerte can handle this file?
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No work around, the program just doesnt handle that many digits....I dont know about Lacerte, sorry.
Im guessing you need whatever program the tax preparers for billionaires use...whatever that may be.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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UltraTax would be the next step up I think, or CCH ProFx
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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is it possible to enter the data in such a way as to just show the profit/loss on schedule d input and then use my favorite form (8275 disclosure) to explain what you are doing?
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I would just fill out schedule D manually and attach it as a pdf with an explanation
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Robinhood Margin glitch?