Unable to load my stock gain/loss page. Unable to do a final review. Is it because I have too many pages from my broker? Do I need the software version?

[Cynthiad66]

Yes.  You can do that if you want but your Losses can offset some of the gain and possibly reduce your taxes.

You can manually enter a summary of the losses.  Be careful to total short term loses separately from Long-term. There's a very big difference. The tax law divides capital gains into two different classes determined by the calendar.

1. Short-term gains come from the sale of property owned one year or less and are taxed at your maximum tax rate, as high as 37% in 2020.
2. Long-term gains come from the sale of property held more than one year and are taxed at either 0%, 15%, or 20% for 2020.

If you decide to summarize into Long or Short Term loss use the earliest dates for purchases as the purchase date for the bunch.

For additional guidance on Capital Losses see link below.

Capital Gains and Losses

[bartolmi]

I am getting this issue when my 1099B says i have to review.  I click the review button and it just spins.  I do not have that many transactions.  One stock and not that much money.  How do i get around this?

[GeorgeM777]

If you have only one transaction to enter, perhaps the best option would be to enter the transaction manually rather than trying to upload it.  If you are using TurboTax on-line, go to the Income & Expense section, then scroll down the page to Investment Income, and click on the drop down arrow to reveal all the options.  Select Stocks, Cryptocurrency, Mutual Funds...

You may have already seen the page "Let's import your tax info."  At the bottom of that page is the "I'll type it myself" button.  Click on that button and enter your information.

In TurboTax desktop you will go to Wages & Income under Federal Taxes.  At the page "How do you want to enter your income?" select "I'll choose what to work on."  Scroll down to Investment Income, and select Stocks, Mutual Funds, Bonds.  Answer the questions accordingly, but when you get to the page where you have the option to upload your documents, select the option to "I'll type it in myself."  Then enter your information. 

@bartolmi

[edeyrup]

Never had a problem in prior years.  Also had no problem ever before this year in transferring info from the previous years.  Unable to do either (download from brokerage or transfer prior year info.  Will look for alternate software for the Mac next year

[LindseyLO]

Have you tried clearing your cache and refreshing? This may help. Assistance with doing so has been provided by clicking here. 

[gk3]

My Box A and Box D cap gains show up on Schedule D and form 8949 as Box C and Box F .

How do I fix so that I can Efile using TT Business?

[MarilynG1]

If you imported your stock transactions, you could delete the imported transactions and enter a summary instead (only 2 lines; long-term and short-term).

Click this link for info on How to Enter a Summary in Lieu of Individual Transactions.