My proceeds are over the 9,999,999,99 limit by about 5 million
You'll need to sign in or create an account to connect with an expert.
Yes, TurboTax sets a $10,000,000.00(actually $9,999,999) limit in the data entry for Schedule D (capital gains and losses), but you can still enter the stock sales over the program limit. All you need to do is to break them up into a series of smaller transactions or individual group of securities sales that should not total more than 10-million dollars, Turbo Tax program will accurately add up the group of securities on your Schedule D that will equal your stock sales.. You may group your stock sales in 2-3 different securities.
So just to be sure, I can divide my Proceeds by half and submit those two times in order to fit it all and it should calculated the same?
Yes, you may divide it into 2 group of securities that will equal the amount of your stock sales without going over the program limit. Please, message us back if these steps solve your issue.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Mojo-6
New Member
Pat720
New Member
jello77
Level 3
Hardway
Level 2
Ljimenez0862
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.