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

Special Cases – Mutual Funds

Learn more about receiving a short-term mutual funds loss, from the tax experts at H&R Block.

IRS May Start to Tax Your Account in the Caymans

Have you ever thought about investing in a Cayman Islands tax haven? Before opening an account, or making adjustments to an already existing account, review these tax tips.

529 Tax Deductions & End-of-Year Savings Options

As end-of-year approaches, taxes owed can become a major headache. Plan ahead by considering 529 Tax Deductions and other end-of-year savings options.

I have a question about capital gains and losses Schedule D. Can you explain how to figure capital gains tax and report

Do you know how to figure your capital gains tax? Learn more from the tax experts at H&R Block.