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Posted by Andrew on March 22, 2008, 12:30 pm
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Jeff wrote:
> I hope this question is OK in this forum.
>
> I've had a lot of trades in 2007 which makes it a nightmare to enter
> each one of these manually into TurboTax. And I cannot download them
> from my FI into TT. I would also rather not import for my Quicken
> files as the data may have errors.
>
> Can I enter just totals from my 1099B broker forms and just keep the
> 1099B details in my records to support any questions? Would that be
> acceptable to the IRS?
>
> Jeff
Your question might better be addressed to the NG misc.taxes.moderated .
Although you can enter all these items in TurboTax, you also can do it
manually. In other words, the use of TurboTax is irrelevant in terms of the
tax issue (ie: properly filling out Schedule D and its continuation overflow
forms). So that's why I would suggest asking your question in there, since
you'd have the same "problem" regardless of how you actually fill out the
forms.
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Regards -
- Andrew
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