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Numbers over a Billion

fastfile
Level 2

Does anyone have any idea if I can even USE Pro-Series to handle numbers more than a BILLION?

I have a (Real) client that has over a billion in stock transactions in 2019. I'm not going to enter them manually, but the 8949 A  is a 10-figure number. 

Will Lacerte handle numbers this big?  Obviously somebody has this problem licked. 

TIA

RK, EA

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12 Comments 12
garman22
Level 13
Level 13

If you have PS, try it. 

Just-Lisa-Now-
Level 15
Level 15

ProSeries chokes after 999,999,999


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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sjrcpa
Level 15

Can you break it down into a few blocks, each less than a billion?

Or does ProSeries just choke if anything on the return exceeds a billion?

The more I know, the more I don't know.
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fastfile
Level 2

Yes, I have the program.

Yes, I can break it into 2 chunks, but the totals all end up as 999,999,999

The math stops working!

 

 

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fastfile
Level 2

What's a few billion to the IRS anyway???

 

 

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sjrcpa
Level 15

Then I guess you have your answer.

The more I know, the more I don't know.
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fastfile
Level 2

I was hoping someone knew either a work-around or if Lacerte can handle this file?

 

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Just-Lisa-Now-
Level 15
Level 15

No work around, the program just doesnt handle that many digits....I dont know about Lacerte, sorry.

Im guessing you need whatever program the tax preparers for billionaires use...whatever that may be.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Just-Lisa-Now-
Level 15
Level 15

UltraTax would be the next step up I think, or CCH ProFx


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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chasetax
Level 7

is it possible to enter the data in such a way as to just show the profit/loss on schedule d input and then use my favorite form (8275 disclosure) to explain what you are doing?

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Terry53029
Level 14
Level 14

I would just fill out schedule D manually and attach it as a pdf with an explanation

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RollTide68
Level 8

Robinhood Margin glitch?  

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