- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Form 8949 Stock Sale Question
Hello - I have two brokerage accounts, one with Merrill and one with Fidelity, that both had many sale transactions of various stocks. All the stock sales, short term and long term, were on 1099B for which the cost basis were reported to IRS and there were no adjustments. Instead of listing all the stock sales individually on form 8949, can I combine the total sale amount for each brokerage company into one line item on schedule D, such as one line item for short term on line 1a, and one line item for long term on 8a?
For instance, ML had sales of 10 stocks for $10,000 and Fidelity had sales of 20 stocks for $20,000. Can I combine the stock sales for both companies into $30,000 and put this total on line 1a on schedule D directly (and not use 8949 at all)?
If I can just report the combined total on schedule D, how would I enter the info on TurboTax Premier version?