Too many trades on Capitol Gains portion - How to Fix?

[ilovesushi99]

Hi I'm trying to file my taxes and hit a snafu when it comes to the capitol gains section. It's telling me I need to cut the number of trades reported or something like that, here's what it says:

"Schedule D: Line 16 does not include capital asset sales because you have exceeded the maximum number of sales supported for individual reporting. Since you have more than 4000 sales, you will need to remove some of the sales with additional requirements (for example, noncovered or wash sale transactions). They can be replaced by entering a summary and attaching a statement to your return with the individual sale details.

I have around 7000 trades (all short term), and my 1099 composite is like a thousand pages, how do I remedy this?

[AmyC]

You can change it to totals by category that you enter:

• covered short term sales total on one line
• noncovered short term sales on the next line

That is all you need.

You have 4000 lines available to make the calculations.