#TURBO TAX 1099B FREE#

The statement does not have to be the 1099-B, it can be one that you create in a spreadsheet (for example) providing the necessary transaction information - maybe your brokerage provides a simple CSV that can be imported to a spreadsheet and edited down to just the relevant transactions and information. If you still have many, many individual entries that would need to be manually entered, just provide all transactions summarized and category netted, and mail in 'a statement'.

By entering just 5 sales you've covered all 500 sales and don't need to mail in any additional info.'Ģ. Then you can report all the remaining sales by entering two sales summaries. In this case, you can report the 3 sales that require adjustments individually. Only 3 of the sales require any adjustments. So let's say you have an actively traded account with 500 stock sales that are all Box A or Box D sales. 'Here's a tip that might help: you can report individual sales as well as summaries for the same account. Here's the meat of what the Turbotax help topic provides: However, transactions with any adjustments (W wash sale, for example), or any which are cost basis not reported to IRS still must be individually entered. Basically, any transactions identified as Box A or D can be netted together and provided as a single entry for each category. Within Turbotax, there is a help topic titled 'Should I summarize my sales'.

For these folks, there are a couple of options:ġ. Turbotax (Premium) actually choked and locked up when importing from my brokerages because it could not handle the number of transactions.

#TURBO TAX 1099B FREE#

If you have many, many brokerage transactions - in the thousands (with commission free trading and brokerages providing program interfaces to their systems these days, it is quite doable), you must still report the entirety of what is contained in the 1099-B statements. Having just gone through this, and spending a fair amount of time on it, I understand the issue of what original poster was asking and some of the interim postings misunderstanding what is being described and asked.

Turbo tax 1099b