I have multiple stock trades on my Form 1099. Can I consolidate and enter them on my Schedule D as one trade for the whole year?
Regarding reporting trades on Form 1099 and Schedule D, you must report each trade separately by either:
- Including each trade on Form 8949, which transfers to Schedule D
- Combining the trades for each short-term or long-term category on your Schedule D. Include a separate attached spreadsheet showing each trade. The spreadsheet must include the same information requested on Schedule D.
There’s an exception. You can aggregate all short-term and all long-term covered transactions and report them as single-line entries directly on Schedule D. A covered transaction is one where your broker provided a 1099-B Form to the IRS that:
- Show acquisition date and basis
- Don’t require any adjustments or codes
Related Resources
What is a closing disclosure? When you buy a house, you will receive a closing disclosure that can benefit you at tax time. Learn more at H&R Block.
Do you need to know how to calculate a capital gain on inherited property that was later sold? Learn more from the tax experts at H&R Block.
Do you know how to report taxes on stock option sales? Learn more from the tax experts at H&R Block.
Does receiving unemployment benefits affect your refund and is it taxable income? Learn more from the tax experts at H&R Block.
