Is This A Valid Work Around for the $10,000,000 Limitation of Turbotax?

There is a limit of $10,000,000 I can input into investment proceeds and costs in Turbotax.

I found someone online mentioning this workaround (I don't know if I should share links here so I am attaching the screenshot).



The tax will be the same.

Will IRS have problem with this method?

Thanks.

 

With that much money, considering going to a CPA.

 

holly shit, are you too cheap to get a real CPA or accounting package if you have more than 10M? LOL

 

No, the large numbers of proceeds and cost basis on 1099 are because of the high frequencies of trades, not the account size.

 

Did you even read his post? How does doing 10M in trades relate to account size?

 

If anything, the evidence would seem to suggest increased trade frequency may correlate with decreased account size

 

There are people on here who have cost basis’ of 10mm for certain positions PA

 

Possible solution?
https://ttlc.intuit.com/community/i...ept-the-numbers-for-shares-and-net/00/161745#

 

Thanks guys.

 

10M in sales, not the OP's net worth. All "real" CPAs use some kind of tax reporting software.