It depends. You will enter your stock sales under investment income and if necessary Form 8949 will also be completed. It's not always required.
- n the search box, search for investment sales then click the "Jump to" link in the search results.
- Answer Yes to the question Did you sell any investments?
- If you land on the Here's the investment sales we have so far screen, click Add More Sales.
- Answer Yes or No to the 1099-B question depending on whether you have one.
- On the next screen, select the type of sale you had (stock, second home, collectible, land etc.) and click Continue.
- Continue following the onscreen instructions to enter the sale.
You can group transactions together, however the summary may need to be divided into two categories if applicable. You indicated all of your stock was held short term. If this is the case you are allowed to enter one summary.
- Long term: held more than one year (one year plus one day)
- Short term: held one year or less
If all Forms 1099-B (or all substitute statements) you received show basis was reported to the IRS and no correction or adjustment is needed, you may not need to file Form 8949.
@jllatimer
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
