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1099B worksheet

-Dan-
Level 1

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

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IntuitCharlene
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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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IntuitCharlene
Moderator
Moderator

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... 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Accept as solution"

View solution in original post

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