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tantawi28
New Member

Turbo tax won't import brokerage docs "# of transactions exceed 1550". Won't let me fill the sales section; exceeds 9999999.99. Any work around this limitation of Ttax?

If Ttax is not the right software for me, can you recommend one?
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JohnB5677
Expert Alumni

Turbo tax won't import brokerage docs "# of transactions exceed 1550". Won't let me fill the sales section; exceeds 9999999.99. Any work around this limitation of Ttax?

If you have a number that is $10,000,000 or greater.  The workaround is to split the amount.

 

Example:  You have a $18,000,000 sale, and your cost basis is $12,000,000.

 

Split this entry into two parts.  Enter $9,000,000 for the sale twice, and $6,000,000 for the cost basis twice.

 

This works for the IRS because they are only concerned with matching the total.

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