As a daytrader, I have hundreds of thousands of transactions this year to report on my Schedule D/Form 8949. I plan to report the summary data on Form 8949, and attach the 1099B from my broker to show the individual stock sales. However, this is thousands of pages long. Could I just send an electronic copy to the IRS? Perhaps via a thumb drive or CD? Printing thousands of pages is so cumbersome not to mention wasteful.
in answer to your question. No. I will point out that any sales coded A or D (sales and cost basis reported to IRS) without a wash sale can be reported as a single item - no details need to be provided to the IRS. for sales coded A or D with wash sale or B,C,E,F need to be detailed.
also, if the total sales amount or total cost is too high TT won't be able to handle even single line reporting. you would need the services of a pro
A professional program can attach a PDF to the return of the pages of non covered sales that the IRS requires. The TT program has a limitation ... it cannot process amounts higher than $9,999,999.99 so if your total sales exceeds $10 million you cannot use the TT program at all. Seek local professional assistance instead.