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Level 2
March 4, 2023
Solved

Entering stock sales

  • March 4, 2023
  • 2 replies
  • 28 views

How can I enter stock sales for which basis is reported to IRS as a single entry instead of entering each sale? I tried a few things but I always end up with critical errors.  Thanks!

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Best answer by PhoebeRoberts

One entry for the short term covered, one entry for the long-term covered. I use ST Covered and LT Covered as the description, 12/31/2022 as the sale date, and either 1/1/00 or 1/1/22 as the purchase date. Enter them as if they were two actual sales.

2 replies

PhoebeRoberts
Intuit Community Champion
March 4, 2023

One entry for the short term covered, one entry for the long-term covered. I use ST Covered and LT Covered as the description, 12/31/2022 as the sale date, and either 1/1/00 or 1/1/22 as the purchase date. Enter them as if they were two actual sales.

Level 2
March 5, 2023

Thanks so much!!