Online Premier can only prepare 1 Federal return per account, and a state return has an extra preparation fee (39.99). If you are used to using the desktop editions, be aware that online Premier is not as fully functional as desktop Premier.
It will tell you that it has to clear and start your return over, and if agreed, it will transfer the data. Then follow the prompts on the subsequent screens. In the Tools window choose "Transfer last year's TurboTax return from your computer.". Once the return has opened, in the left menu column click on TAX TOOLS, then select TOOLS. Log in and open your 2018 return you started ("Take me to my return."). For more information, see the Schedule D instructions.If you started an online 2018 return, here's how to transfer a *.tax2017 data file on your computer into the online version. If you choose to report these transactions directly on Schedule D, you don't need to include them on Form 8949 and don't need to attach a statement. You don't need to make any adjustments to the basis or type of gain or (loss) reported on Form 1099-B (or substitute statement), or to your gain or (loss).The Ordinary box in box 2 isn’t checked, and.
You received a Form 1099-B (or substitute statement) that shows basis was reported to the IRS and doesn't show any adjustments in box 1f or 1g,. This option applies only to transactions (other than sales of collectibles) for which: 
You may be able to aggregate those transactions and report them directly on either line 1a (for short-term transactions) or line 8a (for long-term transactions) of Schedule D. Form 8949 isn't required for certain transactions. ProConnect Tax won't automatically generate the 8949 for certain transactions that are allowed to be reported directly on the Schedule D, per the IRS Instructions for Form 8949:
Enter a 1 in the Print all assets on Form 8949: 1=yes, 2=no field. At the top right corner of the screen, click the blue Carryovers/Misc Info link. If more transactions are needed, click Back to Quick entry in the top right of the screen and repeat steps 4 and 5.įollow these steps to show all transactions on Form 8949:. Click the blue Details button to view more input fields and enter any additional information for the transaction. Basis Rptd: Blank=to IRS, 1=Not to IRS, 2=Not on 1099-B. Enter any applicable information in the Quick Entry grid:. 
From the left of the screen, select Income and choose Dispositions (Schedule D, 4797, etc.). If you are reporting virtual currency transactions in the 1040 return, be sure to mark the Yes box on the "At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency" question.įollow these steps to enter transactions on Form 8949 or Schedule D in ProConnect Tax: See Frequently Asked Questions on Virtual Currency Transactions for the IRS guidelines. In most cases cryptocurrency or virtual currency is reported on the tax return in the same manner as property such as stock or other capital gains or losses.
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