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Retirement tax questions
I agree. If you download your 1099B, TurboTax, and also H&R Block, will summarize automatically all the transactions without a code or adjustment. However, TurboTax makes an exception for option trades that resulted in a loss: TurboTax put them on a 8949, while H&R Block summarizes them with the other transactions without a code or adjustment. To do the data entering by hand as you suggest, I would have to download the transactions into H&R Block tax software and copy the resulted Schedule D into the TurboTax's Schedule D. It is better then to just use H&R Block software right away.
March 21, 2023
3:40 PM