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I received a 1099-B from Fidelity with multiple entries of stock sales. TurboTax is asking me to enter "Date sold or disposed." There were hundreds of these dates, and I can't enter every single one. How do I get around this?
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As an active investor, you must be aware that your category Box A or Box D sales without adjustments do not require Form 8949, so there is no reason to import or key in those transactions.
Instead use the "enter a summary" option to put your numbers on Schedule D Line 1a or Line 8a.
No mailing is necessary, no attachment is necessary.
If TurboTax insists on dates which are meaningless in this context,
Enter 1/1/2021 for Date Acquired.
enter 12/31/2021 for Date Disposed.
You may elect to enter a summary of your transactions.
Your brokerage statements should include a summary of your transactions, grouped by sales category, for example, "Box A short-term covered" or "Box D long-term covered." You will enter the summary information instead of each individual transaction.
If you choose the option to enter a summary instead of entering each sale, then you have to mail a copy of the brokerage statement listing the individual sales. This is an IRS requirement.
If you e-file, TurboTax will produce a Form 8453. You print the Form 8453 and attach the brokerage statement(s) to it.
If you file by mail, attach the statement(s) at the back of your tax return, after all the forms and schedules.
In either case, click the "mailing instructions" link in the message at the bottom of the TurboTax page and follow the instructions that it displays.
If I enter a summary and attach the brokerage statement to the back of my return, what should I enter for "Date sold or disposed"? Should it be the date of my most recent sale in 2021?
As an active investor, you must be aware that your category Box A or Box D sales without adjustments do not require Form 8949, so there is no reason to import or key in those transactions.
Instead use the "enter a summary" option to put your numbers on Schedule D Line 1a or Line 8a.
No mailing is necessary, no attachment is necessary.
If TurboTax insists on dates which are meaningless in this context,
Enter 1/1/2021 for Date Acquired.
enter 12/31/2021 for Date Disposed.
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