George4Tacks
Level 15

The program is filing 4952, even though technically it does not have to. It files it to show the sometimes dense IRS that the interest is fully deductible. By filing that it also forces the Schedule D question to be NO. This avoids later inquiries by IRS that make your client unhappy and adds to your work load. 

I do not see any override to get rid of 4952. You will send a few more sheets of paper (or pdf) to the government, but they have big storage, so no big deal. 

Short answer to your question: NO 


Here's wishing you many Happy Returns