eaquafarm
New Member

1099b short-term stock losses:> proceeds $13,000,000 & cost >$14,000,000; the system says the number is too large & doesn't accept it. How do I do to enter these amounts?

On may 1099b short-term stock Options LOSSES: gross proceeds >$13,000,000 & cost  basis >$14,000,000 (wash sale loss disallowed >$1,460,000); I had a realized loss of $133,000. Turbo tax system says the first 2 numbers are too large and it doesn't accept/ allow entering these values. I am stuck.... How do I do to enter these amounts, because they are actual and were sent to the IRS ?  My institution, Options House is not listed and I can not import the data, I have to enter manually. 

PLEASE help. This is a 2016 Tax 1040 and as I am in S. Florida and was badly hurt by the Hurricanes in 2017, the IRS extended the time to file till end of December now.  I have to rush it out to the IRS in paper, by mail.

Thank-you kindly