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Level 2
Apr 9, 2025 4:42 AM UTC
Question

8949

I have 62 transactions that were Long Term Capital Gains/Losses which should have the box checked that says Cost basis reported to IRS on Form 8949, Part II.  The wrong box is checked and I am unable to correct it.  I don't want to re-enter that many transactions.  Please tell me how I can change the box that is checked.

    1 reply

    Alumni - Intuit
    Apr 9, 2025 3:44 PM UTC

    If you have more than 25 transactions that need to be reviewed or corrected, you might want to enter them as a sales summary instead of fixing them one by one. Below is a link on how to remove those transactions and instead input them as a whole summary
     

    Use summary filing