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

 

Related Topics

Related Resources

Sale Expenses from the Sale of Stocks

Learn more about the sales expenses associated with the sale of stock and how to report it on the tax form 1099-b from the tax experts at H&R Block.

Reporting Taxes on Tip Income

Learn how you should report the tips you received on your taxes.

Is Your Capital Gain or Loss Short Term or Long Term?

How can you tell if a capital gain or loss is short term or long term? Find out more from the tax experts at H&R Block.

Reduce Your AGI Income & Taxable Income Savings

Get tips on reducing your taxable income through deductions, donations and more. Learn how your AGI can affect your tax refund.