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1099 B - how to enter one section as totals and one as single sale?

I have a 1099 B with Box D long-term covered  with 24 lines of the same stock and Box 5 non-covered, basis not reported and ST/LT determination not known with a single line item.   If I choose report totals for each section it's requiring, to mail a separate statement to the IRS for the non-covered section detail.  I'd like not to do this, and don't want to enter the covered transactions as single items.  So my question is,  how do I report one as section total and one as a single line item?  

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Accepted Solutions
PatriciaV
Expert Alumni

1099 B - how to enter one section as totals and one as single sale?

The best way to report these 1099-B transactions is to enter the 1099-B once for the Long-Term and again for Short-Term sales. If you upload the transactions, you'll need to edit the data to remove the short-term from the long-term and vice versa. There isn't a way to split the upload to two 1099-Bs.

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1 Reply
PatriciaV
Expert Alumni

1099 B - how to enter one section as totals and one as single sale?

The best way to report these 1099-B transactions is to enter the 1099-B once for the Long-Term and again for Short-Term sales. If you upload the transactions, you'll need to edit the data to remove the short-term from the long-term and vice versa. There isn't a way to split the upload to two 1099-Bs.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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