Question

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?

Answer

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

 

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