There are also problems with the summary reporting option. The NEW limit on large number can interfere.
Consider 500 short term buy/sell transactions. Each one is a buy worth $25,000 and a sell for $25,001.
Your net profit would be $500.
However, in the summary options, Schedule D column d (proceeds), the amount to enter is 12,500,500
and the amount for Schedule D column e (cost basis) is 12,500,000.
Even though the net profit was only $500, the other amounts exceed the apparently new limit of 9,999,999.99
for any number. I say that this is a NEW limit because this is the exact problem I'm having with TurboTax starting this year. I've used TurboTax for several decades. I just check my return from last year and my entry on Schedule D line 1b column d was over 44,000,000 (my column h net gain was a much much lower reasonable number).
I can't file a return with TurboTax this year that is identical to the return I successfully filed last year with TurboTax.
If anyone in this forum has a recommended alternative, I'd like suggestions.
