Problems with field constraints on Schedule D/8949

[ShawnCA]

I originally posted a related question regarding the fields being too small on the 1099-B Worksheet.  Because I have to report over $2B in sales, and the fields on the worksheet only allow 9 digits, I broke up the total and made 3 separate line entries.  The problem is even though the 9 digit entries are allowed, the totals (adding up to $2B +) cannot transfer properly to the appropriates lines on 8949 and Schedule D.  Those schedules only allowed 9 digits, so instead of $2B +, total was only showing at $999,999,999.  

I thought I could just override those total lines, but then the problem compounded to mess up AMT calculations.  At one point the tax bill doubled.  

As I see it, the only solution is to input whatever number in the 1099-B fields to force a net STCG total that matches the actual STCG; in this case, about $3M.  That way, the proper gain amount flows to other schedules.

I always attach a PDF of detailed support of every transaction adding up to the STCG.  The question is -- if the total sales and total basis don't match up between Schedule D and the detailed PDF, will that cause a problem.  Perhaps I could attach a statement explaining the field limitation issues, or would that further confuse the issue?

I have already discussed this with Intuit support, of course they have no fix for this.  

Any suggestions would be welcomed.  

[sjrcpa]

"As I see it, the only solution is to input whatever number in the 1099-B fields to force a net STCG total that matches the actual STCG; in this case, about $3M.  That way, the proper gain amount flows to other schedules."

That's what I'd do.

"The question is -- if the total sales and total basis don't match up between Schedule D and the detailed PDF, will that cause a problem.  Perhaps I could attach a statement explaining the field limitation issues, or would that further confuse the issue?"

I'd probably do this, too, but explanations usually don't get read. You can probably expect a matching notice to which you'd reply with the same explanation and can point out it was attached to the return.

[ShawnCA]

Thanks for your reply.

I just don't know why they would limit any numeric fields.  I can't be the first with this problem of needing 10 digit entries.  I mentioned this to the Intuit agent, I'm sure they will fix it for next year, not!

[sjrcpa]

Years ago I experienced some digit limits. Not in a while, though.

[qbteachmt]

You started this on the topic here:

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/1099-b-fields-too-small...

And you could have followed up there. I will put a reference there, that points here.

It helps not to split your issue into multiple topics; it's all part of the same issue you are having, and others might benefit from. It helps not to start from scratch by having different topics for the same issue.

[dascpa]

Too many times we are limited by what the software allows us to do.  Our life is spent finding a workaround.

Optional 1980's solution - (a) go to irs.gov and do a fill-in Sch D and 8949 with all the digits you want. (b) mail the return in instead of e-filing it.