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Get your taxes done using TurboTax
Dear Fanfare or Critter-3:
Just to double confirm. I just received my 1099B from a brokerage firm, which included only stock transactions with Category A (short term covered basis reported to IRS) and Category D (long term covered basis reported to IRS). There was not a single transaction that requires an adjustment. There were 2 dozen stock buys/sales fell into these two categories. Turbo Tax allowed me to choose either (1) enter all sales - one sale at a time or (2) summarize these sales by two categories - 2 entries: one with Category A and one with Category D without having to list each stock sale one by one. If I choose (2), can you let me know if I still need to mail in the transaction details within 3 days of the eFiling?
Thanks so much.