FORM 1099 B DETAIL - 100 stock sale headache

[TAXNJ]

Potential client has Form 1099B – the brokerage firm told Potential client that they can download the stock information for Schedule D reporting ONLY into Turbo Tax !

Form 1099b shows the Total Dollar amount Long Capital Gain/Loss and Total Short Capital Gain/Loss
and then the detail of each stock transaction – about 100 (6 pages front and back)

Not using Turbo Tax, what option do we have not entering each individual stock purchase date/sold, cost & sale price ?

Can a copy of the 1099 B showing detail of each stock transaction – about 100
stapled to the return behind Schedule D ? or is it required to list each on the
Schedule D ?

thanks in advance

[JSLATER]

Per instructions for Schedule D:
You must enter the details of each transaction on a separate line of Schedule D. If you have more than five transactions to report on line 1 or line 8, you can report the additional transactions on Schedule D-1. Instead of reporting your transactions on Schedules D and D-1, you can report them on an attached statement containing all the same information as Schedules D and D-1 and in a similar format. Use as many Schedules D-1 or attached statements as you need. Enter on Schedule D, lines 2 and 9, the combined totals from all your Schedules D-1 or the attached statements. Do not enter “available upon request” and summary totals in lieu of reporting the details of each transaction on Schedules D and D-1 or attached statements.

[tilt53]

Depending on your software, you may have to check a box showing that you will be mailing in the information with an 8453 after the return is accepted. But as long as you have good info, you can do a 2 line summary: XX statement (enter the info for ST), and XX statement (enter the info for LT).

As JSlater as mentioned, as long as it is in the correct format, the IRS should have no problem with it.

[S T]

Prior Discussion

There is a prior discussion on this issue, and I am still in one corner and the t/p's broker is in the other corner, both at odds. I believe the issue is format of the information to meet the IRS guidelines.

So here is the link http://www.thetaxbook.com/forums/sho...k+transactions

Sandy