sjrcpa
Level 15
05-04-2021
04:11 PM
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"As I see it, the only solution is to input whatever number in the 1099-B fields to force a net STCG total that matches the actual STCG; in this case, about $3M. That way, the proper gain amount flows to other schedules."
That's what I'd do.
"The question is -- if the total sales and total basis don't match up between Schedule D and the detailed PDF, will that cause a problem. Perhaps I could attach a statement explaining the field limitation issues, or would that further confuse the issue?"
I'd probably do this, too, but explanations usually don't get read. You can probably expect a matching notice to which you'd reply with the same explanation and can point out it was attached to the return.
The more I know the more I don’t know.