I have > 4000 capital asset sales, the online turbotax is telling me I need to remove some of them and replace them with a summary. Is that just attaching another 8949?

not sure specifically how to do what it's asking me to do..."remove some of the non covered sales...They can be replaced by entering a summary and attaching a statement to [my] return..."

1041

Level 15

Oct 12, 2023 6:48:06 AM

Where in the program is it asking you to do that?

New Member

Oct 12, 2023 6:53:20 AM

it happens in the last validation step.

what i've done is removed all the itemized transactions from TurboTax, consolidated it down to a single Proceeds/Basis line item, then plan on sending in a separate 8949....does that sound right?

Level 15

Oct 12, 2023 6:55:04 AM

Correct procedure. I am not certain why the program is requesting that, however.

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I have > 4000 capital asset sales, the online turbotax is telling me I need to remove some of them and replace them with a summary. Is that just attaching another 8949?