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Entering information on sale of stock turbotax will not accept the numbers for shares and net proceeds, claiming numbers are too large. What should I do?

Forum|Forum|7 years ago
June 1, 2019
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TurboTax Free Edition Online

Best answer by HelenaC

TurboTax limits the number of digits in data entry fields to nine, including the cents figures to the right of the decimal point.

To illustrate, enter the 8-digit amount 10,000,000 into box 1 of your W-2 form in TurboTax. (Don't you wish?) TurboTax will add .00 to the amount, exceeding the 9-digit limit, and you'll see the message The value is too large for this field. Please enter a smaller number.

To get around this, break the transaction down into two or three equal transactions with identical information.

Related information:

Where do I enter a 1099-B?

H

HelenaCAnswer

Employee

TurboTax limits the number of digits in data entry fields to nine, including the cents figures to the right of the decimal point.

To illustrate, enter the 8-digit amount 10,000,000 into box 1 of your W-2 form in TurboTax. (Don't you wish?) TurboTax will add .00 to the amount, exceeding the 9-digit limit, and you'll see the message The value is too large for this field. Please enter a smaller number.

To get around this, break the transaction down into two or three equal transactions with identical information.

Related information:

Where do I enter a 1099-B?

R

rfrome44

I received an email referencing Contact #15118 saying that the problem was resolved with the latest update, but didn't provide the update/version number. The latest program update I have is R18, but that didn't solve this problem of the value/data field adding ".00" to a rounded number to exceed the number of digits allowed. I need 10 spaces (8 numbers + 2 commas) to summarize stock transactions from my 1099-B.

L

Logical

Has this problem been fixed? It's ridiculous that TurboTax can't handle more than 10 digits. Ongoing nightmare with this software that doesn't allow an import for 2018 - and now, it can't handle more than 10 digits? wth?

C

cindy1234

just experiencing this issue myself right now.

i called customer service and the guy I dealt with contacted his higher ups and they said couldn't use since amount too large.

anyone have a solution yet?

D

DavidD66

As mentioned in the thread, the largest number you can enter in TurboTax is 9,999,999.99 . Let's say you need to enter sales proceeds of $15,600,000.00 TurboTax won't accept it. To get around this, break it down into three transactions of $5,200,000.00. You would also need to adjust the cost basis and # of shares accordingly.

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C

cindy1234

that work around seemed to work! hope that works for the IRS too!

after entering for the second broker, it asked to upload the 1099B document, but you can only upload one document. How do you upload 2 documents if you have for 2 brokers?