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Problem with 1099 B entering total short and long term stocks: When putting in the total for short or long term stocks the sold date cannot be left blank, it shows error, is there a work around it? Also, down at the bottom it doesn't allow to select yes for attaching a file - it defaults to No, is there any instruction for this anywhere?
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Ive just been fudging in a sales date and using various for the purchase. We used to be able to leave the dates blank and just choose L or S
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I am not seeing a place to enter the date if you are summarizing total short or total long sales. I have just been entering Proceeds and cost basis as long as no wash sales were involved.
I use the worksheet "Form 8949 reporting exception transactions" no dates required.
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I tried that, but at the bottom where it says attach a file Yes or No- it still defaults to No. One more thing for adjustment code I used code M to show a file is attached, that seems to turn off the error message but it didn't solve my second issue, which is attaching a file- yes or no....
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Oh you need to Code it M for that attachment box to mark yes.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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If all transaction are "basis reported to the IRS" I have never attached a file or statement.
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I still don't get why folks find the form so perplexing this year.
Slava Ukraini!
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♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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I appreciate your answers, but I don't agree with it: if you use the summary line then you don't have place to put in wash sales. I always attach detail statements if I use totals, as It doesn't require that much work on myside and I don't like clients to worry about getting a notice letter in regards to their returns.
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You don't need to for covered transactions, unless there are adjustments.
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That is what this thread has been saying, we are assuming no wash sales in order to use the summary transaction boxes.
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If there are no adjustments - yes it works. If you have wash sales and several of them then, do you enter each transactions? Is that the solution?