All my stock trades from Etrade say needs review

Forum|Forum|1 year ago
February 11, 2025
1 reply
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All the trades are correct with the correct price bought and sold. Spoke to support and they told me you just have to go through all of them, there was a change this year. I didn't have to do this last year unless the cost basis was missing. Anybody got a solution? I haven't got my tax form from Merrill yet but that is going to have 100's of trades. Considering using another service if I have to do all that

TurboTax Premier Online

mglauner

If you're using TurboTax Online, you can save your 1099's as a PDF and attach it to your tax return.

If you're using TurboTax Desktop, here's How to Enter a Summary in Lieu of Individual Transactions.

gpb59Author

how do you do that if you're filing online? And will turbo tax let you finish if you don't review all of them?

mglauner

Yes, you won't need to review the trades, because you're not entering them into the program, just attaching a copy of your 1099-B as a PDF (which the IRS already has a copy of anyway).

In the Stocks interview, choose Enter a Different Way (not importing), Continue, answer the questions on the next screen, then choose Sales Section Totals on the next page.

You'll make one line entry for each Sales Section, and the next screen will ask for your PDF.

Help me identify sales sections

Sales are categorized under sales sections and might be grouped together by:

Short-term gains/losses
Long-term gains/losses
Unknown term/code

On some 1099-Bs, sales can be listed across rows, making it hard to distinguish a single sale. Make sure each one is listed as a line item with a description, date acquired, date sold, proceeds, cost or other basis, and gain/loss.

When you count your sales, be sure to count the sales under each section.