I received 2 reports from my client one with Capital gains info and the other with Income items. Neither were reported to the IRS. How do I enter the on form 1099B worksheet other than manual entry ? Is there an export w/s from ProSeries I can populate or a format for an Excel w/s I can upload to ProSeries ?
Summary by sale date for manual entry is not practical as transactions occurred on more than 25 days per month.
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If Basis is reported, see first picture.
If Basis is not reported, see second picture and use "M" for the adjustment code. Then attach a PDF.
thought about that but Intuit site states that you can only use summary amounts on From 8949 if basis is reported to IRS.
I thought you said it wasn't reported. If cost is reported, then you can just enter totals.
i'm sorry I am confused. that is correct, nothing was reported to IRS including basis. what is the difference between entering totals versus summary totals ?
If Basis is reported, see first picture.
If Basis is not reported, see second picture and use "M" for the adjustment code. Then attach a PDF.
thank you so much, i see now
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