Problem with 1099 B entering total short and long term stocks: When putting in the total for short or long term stocks the sold date cannot be left blank, it shows error, is there a work around it? Also, down at the bottom it doesn't allow to select yes for attaching a file - it defaults to No, is there any instruction for this anywhere?
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Ive just been fudging in a sales date and using various for the purchase. We used to be able to leave the dates blank and just choose L or S
Ive just been fudging in a sales date and using various for the purchase. We used to be able to leave the dates blank and just choose L or S
I am not seeing a place to enter the date if you are summarizing total short or total long sales. I have just been entering Proceeds and cost basis as long as no wash sales were involved.
I use the worksheet "Form 8949 reporting exception transactions" no dates required.
I tried that, but at the bottom where it says attach a file Yes or No- it still defaults to No. One more thing for adjustment code I used code M to show a file is attached, that seems to turn off the error message but it didn't solve my second issue, which is attaching a file- yes or no....
Oh you need to Code it M for that attachment box to mark yes.
If all transaction are "basis reported to the IRS" I have never attached a file or statement.
I still don't get why folks find the form so perplexing this year.
I appreciate your answers, but I don't agree with it: if you use the summary line then you don't have place to put in wash sales. I always attach detail statements if I use totals, as It doesn't require that much work on myside and I don't like clients to worry about getting a notice letter in regards to their returns.
You don't need to for covered transactions, unless there are adjustments.
That is what this thread has been saying, we are assuming no wash sales in order to use the summary transaction boxes.
If there are no adjustments - yes it works. If you have wash sales and several of them then, do you enter each transactions? Is that the solution?
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