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New Member
posted Apr 10, 2025 8:48:52 PM

Could not import my investments from Merrill, so download to my PC, then goto "Documents" of turbotax, pulled it into there, how to pull to my invest-income section?

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1 Replies
Level 15
Apr 10, 2025 9:40:49 PM

@happyrec123 

 

Regarding stock and options, for Box A and Box D, only wash sales have to be itemized on Form 8949.

The other transactions without adjustments can be aggregated. Report the sub-totals of cost and proceeds for those transactions on Schedule D Line 1a or Line 8a respectively.

If you have no wash sales, there will be no form 8949, No attachment is necessary. No mailing is necessary
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If you have wash sales, it gets more complicated since those adjusted transactions have to be itemized on Form 8949 and the summary totals adjusted accordingly.

 

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Detail Reporting Exception: if you summarize Category A or Category D, Form 8949 is not needed for transactions without adjustments. No mailing is necessary.