topic Can I enter the information for "HOW DID YOU RECEIVE THIS INVESTMENT" for multiple transactions at one time that have the same answer, instead of one at a time? in Get your taxes done using TurboTax

Can I enter the information for "HOW DID YOU RECEIVE THIS INVESTMENT" for multiple transactions at one time that have the same answer, instead of one at a time?

perzyk — Mon, 09 Mar 2026 05:36:52 GMT

I have 955 transactions that "NEEDS REVIEW". Turbotax is requiring me to input a response for the "HOW DID YOU RECEIVE THIS INVESTMENT". All my transactions will have the same answer, "I PURCHASED IT". This will take an extremely long time. I'm just trying to find a shortcut to be able to continue processing my tax returns.

Re: Can I enter the information for "HOW DID YOU RECEIVE THIS INVESTMENT" for multiple transactio...

KrisD15 — Mon, 21 Feb 2022 20:52:12 GMT

Was this uploaded?

You COULD delete the upload and enter a summary.

If you are able to get a summary, or summarize them yourself, you can enter as "Stocks Bonds, Mutual Funds"

(Long Term ((MORE THAN ONE YEAR)) Short Term ((ONE YEAR OR LESS)) Gain/Loss) (Date of Purchase- various)

If you are e-filing, paper-mail Form 8453 with the statement or 1099-B you have showing the transactions, within 3 days of an acknowledgement of the acceptance of your e-filed Federal Return. Check the box on Form 8453 for Form 8949 (the last option)

Mail Form 8453 to:

Internal Revenue Service

Attn: Shipping and Receiving, 0254

Receipt and Control Branch

Austin, TX 73344-0254

(If you are mailing in a paper 1040, include the statement only with the paper return)

IF THIS IS CRYPTO be sure to separate any earned income (Mining, Air Drops) from trades. Enter any "Earned Income from mining " on your Schedule C, Air Drops or "Staking rewards" as "Other Income".

TurboTax (Online) does have a separate section for reporting Virtual Currency trades, but that is just a convenience for the customer. It all goes to Capital Gains/Loss.

Personal

Personal Income

I'll choose what I work on

Scroll down to "Investment Income"

"Stocks, Mutual Funds, Bonds, Other" START

Did you get 1099-B?" NO

Select "I'll enter a summary for each sales category"

If you have both Short Term and Long Term, you will need to enter each on a separate screen.

Form 8453

Re: Can I enter the information for "HOW DID YOU RECEIVE THIS INVESTMENT" for multiple transactio...

shahnikhil — Fri, 14 Mar 2025 20:03:27 GMT

That is a total workaround and subject to IRS audit, if you do the calculations incorrect. Isn't the reason to upload directly, to avoid doing all the calcs ourselves? Come on, don't make excuses for the inconvenience.