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Schedule D Sale proceeds Greater than 10 Million

AllenP
Level 1

I have a 1099-B with Stock sales of 34,776,040, how do I enter it. I can't enter anything over 10 Million

Allen B Powers CPA

Glens Falls, NY

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4 Comments 4
sjrcpa
Level 15

Divide it into 4 or more sales.


Ex-AllStar
IRonMaN
Level 15

As they say on Family Feud 👏good answer👏


Slava Ukraini!
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kfccpa
Level 3

How did you handle the 100s of wash sales mixed within those transactions?

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FinchCPA
Level 1

Double click on the entry line of the 1099-B.  You can enter larger numbers on this sheet, and it is stated that you can do so, which makes me think that's what they made the extra sheet for.

Sad that after 2 support calls, all they could tell me was the previous answer here - to split it 4 ways, and then I lucked into figuring it out.  

It's irritating that "support" only comes here to the community to get their answers.  

 

Sandra Finch CPA

Houston, TX