AmyC
Expert Alumni

Get your taxes done using TurboTax

Here is a work around since there are two possibilities. One, there is a transaction limit, you may exceeding the 2,000 transaction mark. Second, On all returns, 1099-B Quick Entry Table Cost/Basis input is giving an error for values above 21,474,836.47. 

Instead, you can manually type in a summary of one or all 1099-B forms. You can enter 4 lines and cover the form(s).

Enter the totals for each:

  • short term covered
  • short term non-covered
  • long term covered
  • long term non-covered

When you enter summary data only,  you are required to send a copy of your 1099B to the IRS. Once you submit your electronic copy, TurboTax prints out a cover letter and instructions on where to send a copy of your 1099B.

 

@heekee

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