Get your taxes done using TurboTax
Another option. The IRS expects each transaction looked at in case of any of the transactions were loss due to personal use, such as lunch at Starbucks or payments towards bills, etc. Loss on use of personal property should not be included on your return. The gains are included along with any transactions that were investment related.
If you want to do this outside of the program and then enter only two lines,
- the total short term and the
- total long term transactions that do qualify, that is an option.
If you do the summary, you can just mail a copy of your 1099B forms to the IRS. The program will give you instructions. The IRS expects every investor to have a spreadsheet. This is an example they used summer 2021,
@noneofyourbusiness12
