I spoked with TurboTax support over the phone and there is no clear resolution to this problem. Basically TurboTax can import 10,000+ sales on your 1099-B but can only calculate your schedule D if not over 4000 sales. TurboTax needs to be more transparent about their capabilities. I ended up entering the summaries and mail supporting documents after e-filing. However since my 1099B is pretty long(few hundreds pages), I just wrote a summary statement about my transactions and stated that these will match those on the 1099B that the IRS received from my broker.
Now that’s done with, I don’t believe I will continue to use TurboTax for next year if they can’t fix this problem. Does anyone know of reliable tax software alternatives that will handle high numbers of sales or let you attach pdf files with e-filing?
