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Detailed entry on 8949

ShawnCA
Level 3

On both the 1040 and 1041, do all stock transactions need to be listed out individually on  the 8949?  I think I read that if on the 1099B it is indicated that basis was reported to the IRS, one could just use the total for STCG and LTCG.  Is that accurate?  

 

 

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2 Replies 2
TAXOH
Level 11
Level 11

Yes.

IRonMaN
Level 15

Yes -------- to the second question 😉

ACME Taxes, Tatoos, Tires and Tomatoes (I had to get rid of the turtles - they kept running away)