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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
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‎June 6, 2019
7:06 AM