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fesemagu
Level 3
April 7, 2022
Question

Reporting stock trade that have about 500 pages

  • April 7, 2022
  • 6 replies
  • 43 views

My client just sent me his 1099-B for stock trading that have about 500 pages. Can I just use the summary page to prepare his tax return? 

This topic has been closed for replies.

6 replies

Just-Lisa-Now-
Just-Lisa-Now-Intuit Community Champion
Intuit Community Champion
April 7, 2022
Absolutely!
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    fesemaguAuthor
    Level 3
    April 8, 2022

    Problem solved 

    Thanks 

    BobKamman
    BobKamman
    Level 15
    April 7, 2022

    How many transactions are not "covered" with totals for Box A or Box D?

      poolcleaner
      Level 8
      April 8, 2022

      Or how many have wash sales?

        sjrcpa
        sjrcpa
        Level 15
        April 8, 2022

        For how many years has the rule been you don't have to attach anything or list the details for covered transaction?

        I'm guessing 5 or more.

        The more I know the more I don’t know.
        BobKamman
        BobKamman
        Level 15
        April 8, 2022

        Time flies when you're having fun.  The reporting of combined proceeds with basis, by brokers, goes back to the 2013 Schedule D.  But back then, there were still a lot of pre-2011 assets being sold.  

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