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Level 1
posted Feb 19, 2022 8:28:25 AM

I had over 100 capital gain transactions. turbotax PA schedule D says we are still working on schedule D with more than 100 capital gain transactions. anyone hit this ?

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3 Replies
Returning Member
Feb 19, 2022 8:59:24 AM

Yes. Im stuck here and cannot file

Level 15
Feb 19, 2022 9:49:20 AM

At tax time, you have the option to summarize your transactions by Sales Category.

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

 

You should aggregate your capital transactions whenever possible.
That is the easiest way to file your tax return

Enter on PA Schedule D the aggregated totals from 1040 Schedule D Line 1a.
That is all that could be there if you use the aggregation option and the  8949 exception allowed by the IRS.

Level 1
Feb 19, 2022 10:53:39 AM

via imports, TT has stuck values in D 1b, 8a, 8b, 9.

are you saying to put the 1b value in 1a, then clear out 1b ?

are you saying to put the sum of 8a, 8b, and 9 in 8a, then clear out 8b and 9 ?

 

In general,

is there a way to instruct TT to do this automatically?

is TT actually going to update the software for PA like it claims ?