topic I have 5000 trades.. i know with your downloadable version the limit is 2 or 3000. can i break the 5000 trades into 2000 each and import all of them that way separately? in Get your taxes done using TurboTax

I have 5000 trades.. i know with your downloadable version the limit is 2 or 3000. can i break the 5000 trades into 2000 each and import all of them that way separately?

gamble-76 — Thu, 06 Jun 2019 13:53:22 GMT

TurboTax Online is not equipped to handle that large a nu...

KatherineC — Thu, 06 Jun 2019 13:53:24 GMT

TurboTax Online is not equipped to handle that large a number of trades. It is able to handle approximately 500 transactions per brokerage account.

If you have 2000 or fewer transactions per brokerage account you can switch to TurboTax CD/Download. and import the transactions.

If you would like to switch to TurboTax CD/Download, please click here for information on how to do this.

If your total sales amount is less than $10,000,000, you can enter a summary for each category of sales.

Please continue reading for instructions on how to enter the transactions as summary amounts.

https://ttlc.intuit.com/replies/4926553

Re: TurboTax Online is not equipped to handle that large a nu...

ugate29 — Tue, 23 Mar 2021 01:44:50 GMT

Did we ever get an answer to this? I have about 4,200 trades and need a software that will import these trades.

Re: I have 5000 trades.. i know with your downloadable version the limit is 2 or 3000. can i brea...

KathrynG3 — Tue, 23 Mar 2021 15:11:53 GMT

It is acceptable to enter the trades in summary form in TurboTax. The details should be sorted by short-term, one year or less, and long-term, greater than one year.

Then, mail in Form 8453 and your transaction detail within three days of e-filing.

Re: I have 5000 trades.. i know with your downloadable version the limit is 2 or 3000. can i brea...

PAGB — Fri, 09 Apr 2021 23:13:08 GMT

@KathrynG3

Thank you for explaining this.

I have one further question, is 1099-B an acceptable " transaction detail" attachment to be sent with 8453. Our 1099-B has all the details and our only adjustment are wash sales but it doesn't specifically have the W listed in front of each sale, it has a column that says

Wash Sale
Loss
Disallowed
(Box 1g)

Is this acceptable to the IRS or does the attachment with detail explicitly have to have the W code in front of each wash sale

Thank you very much for your time

Re: I have 5000 trades.. i know with your downloadable version the limit is 2 or 3000. can i brea...

ThomasM125 — Fri, 09 Apr 2021 23:34:23 GMT

Yes, the form 1099-B is an acceptable transaction detail.