Entering 1099 info from brokers

Forum|Forum|4 years ago
February 25, 2022
4 replies
24 views

I have several clients with 30-40 page 1099's outlining hundreds of itemizations. The broker does not download to ProSeries. Is there a simplified way to enter the info? Can I enter the totals in each category and attach a .pdf?

ProSeries Basic

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Best answer by IRonMaN

If it says basis was provided to the IRS, just enter the totals - no need to attach anything.

IRonMaNAnswer

Level 15

If it says basis was provided to the IRS, just enter the totals - no need to attach anything.

Slava Ukraini!

H

hankinstax

Level 5

Box A and D may be entered as summary totals on a Sch D worksheet by broker. If other boxes, create a PDF and enter on the worksheet as a summary total with code M. Double click the entry and enter any adjustments needed. Attach the PDF to the return.

GodFather

Intuit Community Champion

If using Code M, must you always attach a pdf? I've used code M in the past for statements having ten+ transactions, I never attached a pdf. of the statement and never had an issue.

J

jeffmcpa2010

Level 10

I am not sure if you have to, but It only takes me a couple of minutes to scan and attach, potentially saving an hour answering an IRS letter a year and a half later. I choose to attach if I have any doubt.

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