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Do I have to claim proceeds from broker and barter exchange transactions from a stock split?

how do I get form 8949?
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HelenC12
Expert Alumni

Do I have to claim proceeds from broker and barter exchange transactions from a stock split?

Yes, you have to enter proceeds from your stock split. These are entered in the investment section of TurboTax. You will need to use TurboTax Premier Online or purchase TurboTax CD\Download Deluxe or higher version.

 

When you enter your Form 1099-B, Form 8949 is automatically generated. See Where do I enter a 1099-B?

 

Your total capital gains for the year minus your total capital losses result in a net gain or a net loss.

  • You can deduct a net loss of up to $3,000 ($1,500 if married filing separately). Any capital loss you couldn't deduct this year can be carried forward and deducted on future tax returns as a capital loss carryover.
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Do I have to claim proceeds from broker and barter exchange transactions from a stock split?

Did the company in which you invest split their stock?

 

Nothing about this goes on your tax return.

Your cost or other basis per share just went down.

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