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Investors & landlords
I am having a similar issue.
I went through a lot of trouble to import over 200 individual sale transactions from 1099-B instead of entering summary values specifically so that I could easily mark them as applicable to one state or another (I was a part-year MI/PA resident).
For MI, I can explicitly give a value that is applicable to MI. In this case, I could manually calculate the summary totals for only the transactions that apply to MI. For PA, however, I can only mark a transaction as applicable or not applicable, so a summary will not allow me to do this.
I can think of two solutions that I'd like feedback on, both of which require that I manually calculate summary totals for transactions applicable to each state:
1) Make two summary entries in the federal return, one for PA and one for MI, then mark them appropriately in the state returns. This feels like a complete hack..
2) Make one summary entry for the federal return, and attach the 1099-B for PA taxes (I will be mailing in anyway, because I am filing late). This would require that I figure out how to get the correct values into TurboTax even after manually calculating them.
If you have any feedback on my ideas, other suggestions, please let me know!
Additional Information (that is probably not useful):
I have read override BYPASS8949 and 8949 individual transactions, among other questions.
I generated the txf files to import these 1099-B transactions. The exact field that I am using is "N" (refnum), and the value is "321" (ST gain/loss 8949 Copy A). See TXF Specification . I imported data from other financial institutions through turbotax, and none of them had this issue. I am wondering if they used a different record format or code so that when TurboTax import the data, it does not produce this BYPASS8949 code. I will experiment with this a little.