imported as stock, not as options. doesn't matter. what matters is that the sales price and cost basis are correct and that the sale date is before the purchase expiration date.
note summary entries for a broker are inconsistent with importing from them. it's one or the other, but you can import for one broker and not for another
summary entires? yes, Turbotax can handle summary entries of which there are two types. those without adjustments such as wash sale. to get to this worksheet in the jump-to/search box type "capital" no quotes and then look for and open the form 1099-B wks. near the top of the worksheet you'll see "Form 8949 Reporting Exception Transactions". this is where summary transactions without adjustments are entered. For these there is no need to provide detail to the IRS
for other transactions with adjustments, they too can be entered as summary totals.
on the worksheet you should see a line "Use the Capital Asset Sales Worksheet to enter individual sales (a slight misrepresentation). click on quickzoom.
a new window will open up with a form. highlight it with your mouse and click finish
you can actually enter summary amounts with adjustments here.
check the box that says this summarizes multiple trades (generates a code M on form 8949 and form 8453)
the column disalllowed wash sale is a mystery to me because any entry generates an error. leave it blank.
in the adjustment amount column enter the amount (a wash sale is entered as a positive number) and a code W in the next box
if you look at the 8949 you see codes M and W (or some other code if the adjustment is not a wash sale)
what you must do for those transactions with adjustments that have been summarized is to send detail to the IRS using form 8453 which should be generated automatically from checking the multiple trade box
what do I do? enter summary totals which do not have to be separately reported to the iRS. for others which generally aren't more than 6 a year i enter one by one to avoid having to file the 8453/1099-B. if you go the 8453 route read the instructions because there is a time limit to file and it goes to a special address. This info will be in the Turbotax filing instructions
