Anglis
Level 3

I have a client that produced 25 pages of stock sales that show Basis is reported to IRS. Can I just enter the total from summary page or do I have to generated the form 8949 to show these transactions individually? I did read somewhere that we can do this for A and D transactions basis reported.

But I do not want to prepare an incomplete return. Has anyone done this with no letters or repercussions associated with the IRS change on this reporting.

Thank you

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