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

Taxable Military Income

Learn more about taxable military pay and get tax answers at H&R Block.

Second Home Taxes

Learn more about second home tax deductions and taxes on selling a second home with the tax experts at H&R Block.

Capital Gains Tax Exemption on House Sale

Learn more about the capital gains tax exemption on the sale of a home with the experts at H&R Block.

When Do Children Pay Taxes On Investment Income?

How much investment income can children earn before paying taxes? Learn more from the tax experts at H&R Block.