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Investors & landlords
It means that summaries can be input rather than individual transactions.
You can delete the individual entries and just add a summary of each of the different sales categories. Your 1099-B should have those groupings. For example "Short-term covered" or "Long-term covered".
- Open or continue your return and search for stock sales.
- Select the Jump to link in the search results.
- Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?.
- If you land on Your investment sales summary, select Add more sales.
- On the OK, what type of investments did you sell? screen, select Stocks, Bonds, Mutual Funds, then Continue.
- When asked how you want to enter your 1099-B, select I'll type it myself.
- Answer the questions until you can select Enter sales section totals.
- You'll now be able to enter the total proceeds (sales) and cost basis, along with the sales category. Refer to your 1099-B for the amounts and category. When finished, select Continue.
‎April 15, 2021
7:11 PM