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How to enter large brokerage house statements

fredr
Level 4

If transactions on brokerage statements are all covered items reported to irs  can i just enter totals of long and short term on schedule d directly.

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abctax55
Level 15

Yes

"*******Tax software is no substitute for a professional tax preparer*******
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4 Comments 4
abctax55
Level 15

No, but you can do that on F 8949 so it flows to the Sch D.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
fredr
Level 4

so i can just put in totals with no detail

abctax55
Level 15

Yes

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
abctax55
Level 15

Pay attention to any wash sales, but you can still do it even entering grand totals.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"