I could not enter manually the Short-term basis reported to IRS Total proceeds, Box 1d because it exceeds 9999999. What can I do?

posted

If you have a number that is $10,000,000 or greater. The workaround is to split the amount.

Example: You have a $18,000,000 sale, and your cost basis is $12,000,000.

Split this entry into two parts. Enter $9,000,000 for the sale twice, and $6,000,000 for the cost basis twice.

This works for the IRS because they are only concerned with matching the total.

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