Author Topic: Sold all investments in 2015 - hundreds of 1099-B to fill  (Read 2169 times)

FerrumB5

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Sold all investments in 2015 - hundreds of 1099-B to fill
« on: February 24, 2016, 10:49:39 PM »
Hi Folks,

I sold all my investments in 2015 for house downpayment. I held those since 2007 in ~10 funds.
1099-B forms have approx. 150-170 sales due to reinvested dividends and it's a pain in the ass to enter each and every (I'm at position 102 right now).
Is there a simpler way to put it all in TaxAct?

Drifterrider

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Re: Sold all investments in 2015 - hundreds of 1099-B to fill
« Reply #1 on: February 25, 2016, 04:37:05 AM »
I don't know about Tax Act as I don't use it but in the past I've submitted copies of my statement as a "Substitute Schedule D" and just put the summary on Schedule D.

GrowingTheGreen

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Re: Sold all investments in 2015 - hundreds of 1099-B to fill
« Reply #2 on: February 25, 2016, 06:12:37 AM »
I started using tax act then switched to turbo tax for this reason. Turbo tax let me import all of my 1099-Bs. Super easy.

FerrumB5

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Re: Sold all investments in 2015 - hundreds of 1099-B to fill
« Reply #3 on: February 25, 2016, 06:32:45 AM »
TaxAct is 29.99 (with that upgrade needed for 1099-B), TurboTax gave me smth like $69 price for Fed+State, possibly more with extended 1099

jwright

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Re: Sold all investments in 2015 - hundreds of 1099-B to fill
« Reply #4 on: February 25, 2016, 08:24:38 AM »
If you efile, you can attach a copy of your 1099-B detail and just put the totals on Schedule D.  Is this an option in TaxAct?

FerrumB5

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Re: Sold all investments in 2015 - hundreds of 1099-B to fill
« Reply #5 on: February 25, 2016, 09:59:17 AM »
If you efile, you can attach a copy of your 1099-B detail and just put the totals on Schedule D.  Is this an option in TaxAct?

I think I found the form to fill, but I do have to enter every sale. Oh well.
« Last Edit: February 25, 2016, 10:02:07 AM by FerrumB5 »