Question 1: Client has significant number of W2-G's from the same casino. Does every W2-G need to be entered or can the total winnings be input on one copy?
Question 2: Same client has a ton of virtual currency transactions and supplied a filled out 8949 from the site which he traded on. Do I need to input every transaction on 8949 or can they be condensed based on term?
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1.You can combine the W-2G amounts.
2. For noncovered or non 1099-B transactions IRS wants the detail. So enter, import, or enter totals and attach the 8949 client gave you.
1.You can combine the W-2G amounts.
2. For noncovered or non 1099-B transactions IRS wants the detail. So enter, import, or enter totals and attach the 8949 client gave you.
Thank you, SJR. Inputting the totals and then scanning the provided 8949's into the file. Appreciate your response.
You're welcome.
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