In prior years, summarization of stock transactions was simple. You would quickzoom from Schedule D to Capital Gain(Loss) Transaction Worksheet, select "statement with details attached" and enter information to quickly summarize the client's stock transactions. You could quickly do a worksheet for covered and then non-covered transactions, attach a PDF statement with stock transaction details, and you were done.
It appears that any stock summarization method has been omitted completely from the 2020 ProSeries software, and that the Capital Gain(Loss) Transaction worksheet has been replaced by the 1099-B Worksheet. This, in my opinion, is a serious issue that needs to be resolved. The simple summarization system from the Capital Gain(Loss) worksheet in prior years' software saved many hours of time over the course of an entire tax season. This change to 2020 software will cost my firm and our employees a lot of time and money. Please bring this system back.
Thanks for the idea. We are changing the status to "Open for voting" since it is no longer considered "New". If you have any questions on the life cycle of an idea, check out our Idea Getting Started Guide for more information.
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.