Entering 1099 info from brokers

[Arrowhead]

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?

[IRonMaN · Accepted solution]

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

[hankinstax]

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]

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.   

[jeffmcpa2010]

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.