P.S. there is nothing over $1mil, and total income is under $100k
Please take a look at the article below for instructions to troubleshoot the error message.
I'm having the same issue and when I click the link, it says access denied.
The current limit is $9,999,999.99. If your transaction is for $23,000,000, I suggest you split it into three entries. An alternative could be $9,000,000 + $9,000,000 + $5,000,000. Then distribute any additional information by the same percentage.
Thank you for your reply. Turbo Tax added a zero to one of my numbers in the income field, and when the "some values are too large. . ." error came up, it didn't point out where the error was. I had to find it. Which took forever. I lost at least an hour. Very frustrating.
I have checked all my numbers and none are over $9,999,999....what else could it be???
same issue - its blank, no idea where this mysterious number it...... says i can't efile and need too hard copy and mail. of course turbo tax already took my money to efile.
like everyone else who tried to click this link, it says access denied - what is the answer and how do i fix it??
I was able to fix this and I had a stock trading amount that was larger than 14Mil and according to the instruction, I split that value $9999999.99 + $4000000.01
Now because Turbotax will round the decimal greater than $0.50 to $1 it would make my value to $10000000.00
So I moved those $0.99 cents to other transactions.
$9999999.00 + $4000001.00
Hope this helps
turbotax does not work for active day traders
i figured out their system bug
once you exceed gross proceeds of 716,000,000 it will say too large in fed check.
Turbo tax development, if you are reading this please look at code and change the limit
the 9 digit we understand that is already understood
the message for too large number calculation error that happens when exceeds 716M
i erased some entries to 715M and no issue no errors.
so its related to gross proceeds.
Please fix bc mailing it in delays processing with irs. and it will reduce revenue for your shareholders so spending a little time on this can help your stock not go down as well. hopefully CEO of Inuit reads this.
No, my total day trading values were broken up in to $9,999,999 lots and total is around $100MM and I am getting this error message. How do you think I can fix this? Thanks
I'm getting the same issue, but my total proceeds is less than $700M.
Hey I changed proceeds to $5M per line and did it several times with cost basis of 5M etc etc till you wipe out each side.
Make it 9,999,999.99 or 9,999,999.00
if you still get the too large error, then you added wrong and the info from your brokerage statement does not match what you put in. Instead of a calculator, use excell to add and substract
Yes, This resolved the errors -- thank you lots, "DESAISAMIRV" !! Terrible error-handling by Intuit !! In the first place, they should auto-import ALL records and NOT impose their ridiculous 3,000 records limit!!
the thing is your proceeds do not exceed 715M
if they did you wont be able to submit online
have to do it paper
trust me on this
everyone does the 9M work around and its all correct, the issue says large is from proceeds if over 715M
i reached 716.2M and it said too large.
thats the real issue day traders have with using turbo tax ones who trade a lot.
but if your under that than yes all you need to do is change 16M to 9M and 7M as 2 entries.
Turbo Tax software does not work for online those who have really large proceeds. active day traders will have easily over 715M if you are going in and out very quick.
hope this helps others reading this post
Thanks RemotehelpABC !! So, if one's proceeds exceeds $715m, one cannot e-File, and MUST be submitted as a paper return by snail mail -- correct?
Thanks again, buddy!
This is still an issue. The program doesn't say where the problem is and none of my values are anywhere near the limit. Also, I only have regular tax situations no stocks or anything.
@frustrated36 For one-on-one assistance with this experience, please visit the link below for help from Customer Support.