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Deductions & credits
Hi KathrynG3
Are you sure that one could report Investment Sales as a summary? It would be more beneficial since it would tax long term personal property gains at the lower capital gains rate vs using Misc Income. However, it doesn't seem that Turbotax allows you to leave the dates as something other than a date or various. It appears that one has to enter all the transactions which would be a daunting task if there are lots of transactions to report. 8949 filing instructions also seem to indicate the same but I'm not sure. Were you able to do it on your version? I attempted this on Turbotax Premier. Thanks.
‎September 23, 2021
6:57 PM