1099B worksheet

-Dan- · ‎03-11-2021

Can you summarize brokerage transactions and not include individual transactions. In previous years I would enter a line saying see attached brokerage statement. Is that no longer necessary? Never was necessary?

I understand if there were adjustments each item would be required to be entered on the quick entry worksheet.

Thx

Dan

IntuitCharlene · ‎03-11-2021

In more recent years, the IRS uses the codes from the 8949 to determine it is a summary.

As long as you have code M entered, the IRS will know to look for the attachment either with the 8453 or in the PDF attachments. This article gives a pretty good overview of how to do the attachments with the new format in ProSeries 2020 https://proconnect.intuit.com/community/form-1040/help/how-do-i-attach-a-stock-summary-to-the-schedu...

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