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Get your taxes done using TurboTax
If you have transactions that exceed the $10,000,000 entry limit the preferred solution is to split the amount.
Example: You have a $18,000,000 sale, and your cost basis is $12,000,000.
Split this entry into two parts. Enter $9,000,000 for the sale twice, and $6,000,000 for the cost basis twice.
This works for the IRS because they are only concerned with matching the total.
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March 16, 2021
6:00 AM