1099B numerous transactions; can I report the totals rather than data entry?

10 replies
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I see that the 8949 does not automatically print any longer. I have 100+ stock trades, all with basis reported to IRS

Must I date entry every single transaction?

Can't I just enter total long term, total short term, total basis, total proceeds ? By each brokerage statement? and leave the actual dates blank?

Thanks for any advice; it is all so laborious

ProSeries Professional

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C

cglavAnswer

Level 2

I always include short term and long term totals on Schedule D and than attach the detail from the brokerage statement to Form 8453 and send mail to IRS. Form 8453 instructions has the address.

TAXOH

Level 10

Yes you can enter short term covered totals, short term non covered totals, long term covered totals and long term non covered totals. For the non covered totals you will want to scan and attached the detail to the return.

IRonMaN

Level 15

And yet how many folks are still standing out in front of Intuit headquarters with their torches and pitchforks because the import function isn't working properly 😕😕

Slava Ukraini!

abctax55

Level 15

Form 8949 isn't required for covered transactions.

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