• Entering 1099-B data into TurboTax

    From D L@21:1/5 to All on Sun Feb 13 16:38:36 2022
    Hi. The financial brokerage gives a 1099-B summary for all transactions and then lists every transaction with its specific details. Is it possible to just enter the 1099-B summary data sums up all the detailed transactions? Thanks.

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  • From Not A Clue@21:1/5 to debbie.l...@gmail.com on Wed Feb 16 11:19:06 2022
    On Sunday, February 13, 2022 at 4:42:38 PM UTC-5, debbie.l...@gmail.com wrote:
    Hi. The financial brokerage gives a 1099-B summary for all transactions and then lists every transaction with its specific details. Is it possible to just enter the 1099-B summary data sums up all the detailed transactions? Thanks.


    Yes, for Categories A and D, where the basis are reported to IRS and you have no changes to the 1099-B numbers.

    --
    << ------------------------------------------------------- >>
    << The foregoing was not intended or written to be used, >>
    << nor can it used, for the purpose of avoiding penalties >>
    << that may be imposed upon the taxpayer. >>
    << >>
    << The Charter and the Guidelines for submitting posts >>
    << to this newsgroup as well as our anti-spamming policy >>
    << are at www.asktax.org. >>
    << Copyright (2011) - All rights reserved. >>
    << ------------------------------------------------------- >>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)