1099-B Fields Too Small for Stock Transactions

Forum|Forum|5 years ago
April 15, 2021
2 replies
20 views

For 2019, I was able to input total STCG and LTCG numbers directly on the Sch D Entry Table, then attached a detail statement of the transactions. The entry table fields allowed 9 characters.

For 2020, I do not see the same entry table. Instead, I am directed to Form 1099-B Worksheet. No problem, except the fields in the quick entry table only accept 7 characters, and I need 10. Am I supposed to divide the $2B+ total sales and cost figures into little chunks in order to fill this out? Or are there other options?

ProSeries Professional

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Just-Lisa-Now-

Intuit Community Champion

" Am I supposed to divide the $2B+ total sales and cost figures into little chunks in order to fill this out? Or are there other options?"

You could paper file.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

S

ShawnCAAuthor

Level 3

I am paper filing. The fields are too small

sjrcpa

Level 15

Yes you have to divide into smaller chunks.

The more I know the more I don’t know.

Accountant-Man

Level 13

What's wrong with dividing it into smaller amounts?

** I'm still a champion... of the world! Even without The Lounge.

S

ShawnCAAuthor

Level 3

No problem splitting into small chunks. However, since the fields are only 7 digits max, and I have about $2B in sales to report, I would have to make >200 separate entries. There has to be a simpler way?

I could override, I suppose, but things never flow correctly when you do that. And they definitely won't transfer properly to the state return.

Any suggestions?

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