itpcb
Level 1
‎04-14-2021 09:56 AM

I have a client who has a 45 page 1099-B summary statement, over a million in proceeds/basis, with 45k in wash sales.  With the new 1099-B worksheet, is there an easier way then having to input each transaction / stock in the Quick Entry Table?

I can't really put it in the top box with the client having wash sales and with there being well over 1,000 transactions, I don't really want to have to input each one.

Any help, would be greatly appreciated.  

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Just-Lisa-Now-
Level 15
Level 15
‎04-14-2021 10:09 AM

Covered sales (without any wash sales) can be summarized and entered in the 8949 bypass boxes ta the top of the 1099B worksheet.

Everything else can be summarized into categories and entered in the entry tables, short term, long term, covered and non covered.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
itpcb
Level 1
‎04-14-2021 11:54 AM

When summarizing into categories, what would be more preferred - or cause less issues - to put each stock in the property description, mark as M (multiple sales) and put the total of each individual stock -or- to input "Summary of S/T Losses from financial account", etc. & putting in the totals summary for everything and marking as M?

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