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Deductions & credits
@Ajimmy19 Your 1099-B is referred to as a consolidated report because it combines multiple 1099 forms—1099-INT, 1099-DIV, 1099-OID, 1099-B, and/or 1099-MISC—into a single, multi-page document. Some consolidated statements include all 5 forms, while others only include the 1099s the IRS requires for that client.
From your question, it appears you know how to enter your 1099-DIV information. So we will focus on those transactions that likely need to be reported on Form 8949. Form 8949 is used to report sales and exchanges of capital assets. Form 8949 allows you and the IRS to reconcile amounts that were reported to you and the IRS on Forms 1099-B with the amounts you report on your return.
You mentioned the term "proceeds from broker and barter exchange transactions." That section of your 1099-B will have the transactions that you need to report. Other sections of your 1099-B will likely provide summaries which you can refer to if you need additional information. Check to see if there is an instruction page that precedes your broker and barter exchange transactions. If there is an instruction page, it will likely provide useful information as to what the boxes mean on your 1099-B and the boxes you need to check on Form 8949.
Also, if you start on the first page where the broker and barter exchange transactions begin, check to see at the top of that page whether there are any instructions as to how to report the transactions on that page and succeeding pages. Usually, the 1099-B may state at the beginning of each page in the broker and barter exchange transaction section whether the transactions are short-term or long-term and which box on Form 8949 to check, namely, for example, whether Box A should be checked or Box B, or Box D.
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