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Proceeds and cost basis showing as negative on D and 8949 large $ amts

pbd2020
Level 1

Entering capital gain transactions when proceeds and cost are in the billions, I've split the totals up into 5 different lines.  The loss is correct, but the total proceeds and sales price on both 8949 and Schedule D are negative.  Any ideas?

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3 Comments 3
TylorValdez1
Employee
Employee

Lacerte can only calculate up to  2,147,483,647. If the gain is greater than that you will need to find another software or manually prepare the 1040/Sch D.

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pbd2020
Level 1

There is a +/- $200,000 loss, it's the proceeds and the cost basis that are in the billions.

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TylorValdez1
Employee
Employee

In that case make an entry in Lacerte to show the 200000 loss to report to the Schedule D. Mark the box summary from attached statement. Manually prepare the 8949 and attach as a pdf to go with the return.

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