Schedule D Direct Entry

Forum|Forum|6 years ago
March 23, 2020
7 replies
38 views

Is it possible to enter the total for each line from the broker statement without having to enter 17 pages of transactions?

ProSeries Basic

This topic has been closed for replies.

Best answer by RollTide68

Yes but you still use the worksheet

Short term with basis reported total

Short term with basis not reported total

Short term not on 1099-B total

Repeat for long term

RollTide68Answer

Level 7

Yes but you still use the worksheet

Short term with basis reported total

Short term with basis not reported total

Short term not on 1099-B total

Repeat for long term

Accountant-Man

Level 13

Yes, it's been permitted for years.

** I'm still a champion... of the world! Even without The Lounge.

L

LINDAAHILLAuthor

Level 3

Where do I find Direct Entry for Pro Series Basic?

RollTide68

Level 7

Use the schedule D worksheet. Not directly on the form.

Just use the total by type of transaction.

rbynaker

Level 13

I enter most of the stuff directly onto Sch D. See 1a and 8a:

https://www.irs.gov/pub/irs-pdf/f1040sd.pdf

You have to have basis reported and no wash sale (or other) adjustments. That's most of what I see these days though. They're so much easier when they're covered, smothered & scattered.

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