Thanks. Make sense. A few follow up questions:
Q1: So it is not a good idea to download the 1099B from brokerage firm into Turbo Tax since that prevents me from summarizing, correct?
Q2: Does Turbo Tax allows me to attach a 1099B or do I have to send it in by mail after eFile?
Q3: When I add the W-2 amount to the cost base of 1099B, is it easy for the IRS to figure out by adding the W2 number and 1099B number? Is there anywhere in Turbo Tax I can explain this addition of 2 numbers for adjustment? This is where I got hang up, I do not know if everyone at IRS reviewing the tax return will understand this. Also will the initial electronic processing identifies this as a red flag.
Q4: It was also suggested by nearly all experts for ordinary stock transaction to summarize all per category, e.g. those with short term covered, without listing every transaction out, and there is no need to send in 1099B for those. Is this also your recommendation?
