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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?
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" 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♥¸¸.•*¨*•♫♪
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Yes you have to divide into smaller chunks.
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I am paper filing. The fields are too small
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What's wrong with dividing it into smaller amounts?
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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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I think I may have figured it out. If I click on the fields on the 1099-B to go to a more detailed worksheet, there I can enter 9 digits!
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There has been another topic started for the same issue, here:
I guess you could consider it Part 2. They could both be together, here, but now they are split.
Don't yell at us; we're volunteers
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You have to double-click and then create an adjustments worksheet. On the worksheet there is a bold note than says you can use 9 digits here for proceeds or cost.