NJ_EA
Level 3
‎06-03-2021 02:33 PM

On page 3, Part IV of the 2020 990-PF in ProSeries, it is now required that the sale and acquisition dates be entered for every stock sale in columns (c) and (d)

According to the IRS instructions, however, you are allowed to leave columns (c) and (d) blank and report lump sum figures (see page 22), so clearly, ProSeries is wrong

I have over five hundred sales, how do I report the totals without reporting each individual sale?

0 Cheers
ihan
Employee
Employee
‎06-03-2021 04:38 PM

Hi NJ_EA,

Please write "publicly traded securities" on Part IV line 1 column (a). The errors on Part IV line 1 col b,c,d should disappear. Please see the detail in government instruction page 22.

0 Cheers