Yes. When you receive a consolidated Form 1099-B from Fidelity with many transactions, TurboTax Online lets you report aggregated totals by the sales category instead of every single transaction.
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Yes. When you receive a consolidated Form 1099-B from Fidelity with many transactions, TurboTax Online lets you report aggregated totals by the sales category instead of every single transaction.
To enter aggregated totals from your consolidated 1099-B in TurboTax Online, follow these steps: 1. Go to the Wages & Income section. 2. Select Stocks, Mutual Funds, Bonds, Other under Investment Income. 3. When prompted, select I'll choose what I work on. 4. Select Enter a summary for each category or a similar option to input totals. 5. Enter the aggregated proceeds, cost basis, and wash sale adjustments for each category as shown on your 1099-B summary (e.g., short-term covered sales, long-term non-covered sales). This lets you report grouped transactions without entering each one individually.