Get your taxes done using TurboTax

>but the IRS now also an even simpler entry

 

For some considerable number of years, but Intuit makes it difficult and scary; you have to say you will enter the "summary" information and then they (Intuit) start threatening you.  They apparently want you to enter that data!

 

One very reasonable approach is to just pick up the paper forms and fill them in.  Another is to use the widely respected Excel Spreadsheet.  Both work just fine and are ridiculously easy if you only have earned income and brokerage income (no Schedule K's please!  Just don't buy that stuff!)

 

It used to be easy to find the IRS rules for reporting a "summary"; the total of all gains and losses.  The rules pretty much said that if everything was completely reported on a 1099-B you only have to give the total gain and total loss.  I just tried to find it again and it looks like the information has been taken down; at least I can't find it on the internet.

 

Recent (the last two years approximately) versions of the TurboTax would allow the summary to be entered (as I said it didn't encourage it).  I don't know if that is still true.

 

First try online filing directly with the IRS (I don't know if that web site has been taken down yet), then **do not download**.  I haven't tried 2024 yet but there may still be an entry to allow you to enter a summary; Intuit did not know this was going to happen for certain (you can only pay so much money!)

 

If all this fails get the paper forms.  You will be supporting the government!  (They don't want the tax system to work; they've got too much to lose.)