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Level 1
June 4, 2019
Question

Over number limit

  • June 4, 2019
  • 1 reply
  • 12 views

I am using the "Premier" software to do my 2017 taxes and I am trying to import my TD Ameritrade 1099-B document into TurboTax Premier. However, because I traded daily, my Gross (1d) and Cost basis (1e) are over the number limit for TurboTax ($100 million+ investment shares traded total). So, I am wondering what my options are. Can "Home & Business" handle numbers that large for investments or will I have to seek another tax prep service? Thank you!

1 reply

Level 2
June 4, 2019

Turbotax handle each trade transaction up to 9.99 million, however, the transaction can be broken down into multiple small transactions, each under 10 million.

In your case breakdown each transaction in 9M Gross (1d). It is a little hassle and require manual calculation but will resolve the issue.

Sorry for the inconvenience.