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gamble-76
New Member

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?

 
5 Replies
KatherineC
New Member

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?

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


ugate29
New Member

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?

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

KathrynG3
Expert Alumni

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?

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.

 

PAGB
Level 4

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?

@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

ThomasM125
Expert Alumni

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?

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

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