DianeW777
Expert Alumni

Get your taxes done using TurboTax

No, you can do a summary of all transactions to combine your short term transactions (and long term if you have those).

 

Holding Periods:

  • Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax)
  • Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)

If you are e-filing your tax return, then may be asked to mail your statements (1099-Bs or other document showing detailed sales information) along with Form 8453 to: 

 

Internal Revenue Service

Attn: Shipping and Receiving, 0254 

Receipt and Control Branch 

Austin, TX 73344-0254

 

If you need a blank Form 8453, you can download this pdf, enter your address information and check the box for Form 8949 (this form is really just a cover sheet).

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