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Get your taxes done using TurboTax
Yes, your line 10 amounts can all be included on one line in that section. The IRS instructions for line 10 of Form 4797 contemplate that line 10 can include transactions of the type you effected as a Trader, but also gain or loss from certain preferred stock, gain or loss from small business investment company stock, and loss from Section 1244 (Small Business) stock. Thus, line 10 has multiple lines in anticipation that a taxpayer may have more than one type of investment to report on line 10.
Regarding the date fields--10b and 10c--IRS instructions seem to imply that those fields can remain blank given that the taxpayer will be adding the words "Trader-- see attached" in column 10a. Moreover, your attached statement will include the date acquired and the date sold information, and therefore, it probably is not necessary to even include the word "various" in columns 10b or 10c, assuming such word can be entered.
Yes, you can use TurboTax Deluxe; however, and while you may already know this, you will need the CD/download version because you will need to go into Forms mode in order to effect manual entries on Form 4797. Yes, you can upgrade to Live Help or to TurboTax Full Service. Below is a link to a TurboTax article that explains the steps to follow when a taxpayer wants to upgrade from TurboTax online to other products/services.
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