So basically the developers were lazy and arrogant and left this ridiculous limitation that is at the same level as the Y2K bug in it. Because it would be really easy for them to change a 7 digit limit to a 9 digit limit, or 20 for that matter. The only semi-reasonable excuse I can think of other than that they put in a 7 digit limitation arbitrarily is that it COULD be that they used signed long ints for storing the number of dollars AND cents, but then it still should be able to go up to a bit past 20 million (specifically 2^31/100), it doesn't need to be limited to 7 digits, and as it doesn't keep the cents on the bottom line anyway it might as well go up to 2 billion and have it just go to 20 million on the individual transactions, if it was coded properly. Even so, as programming gaffes go, it's very similar to the Y2k bug. Disgraceful in this day and age.
"Ordinary"? Well buster, just because the sales volume is pushing 10 million because I used the same money to buy and sell many many times, doesn't mean I actually have a high income. In fact I've got an AGI in the 4 digits and have so for many years, maybe in MY humble opinion, YOU'RE too "extraordinary" to be allowed to use cheap software and YOU should have to pay a tax preparer to do your taxes instead of me mister fancypants 5 or 6 figure income earner? Who is intuit to decide how I choose to make my living is too "extraordinary" to be allowed to use their software? It's a perfectly valid way to make a living, and they certainly aren't selective over occupations of those allowed to use their software for anything else now, are they? Like Turbotax won't just refuse to operate if it determines the user is a mortician because that's not an "ordinary" occupation. That would be pretty absurd to make such a judgement call, wouldn't it? I don't see my situation as any different. They should simply code their software properly.
As for the other reply, that said there were "ways" around it..... how do you propose I do this? I can't get it to fill it in automatically by downloading the transactions from Ameritrade since there are too many transactions. The only thing I can think of is deliberately putting in the wrong numbers, perhaps subtracting 10 million from the cost basis AND the proceeds so that the net profit is the same, and then submitting a 1040X afterwards. What a waste if that is what I have to do. The turbotax developers ought to be ashamed of themselves in any case.
At any rate I have the answer now in any case. It's not the IRS's fault, it's turbotax's.....
