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I sold stock and my gain is 618.55. Do I still have to file a Schedule D or just enter the amount on Line 6 on 1040?

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2 Replies
Hal_Al
Level 15

I sold stock and my gain is 618.55. Do I still have to file a Schedule D or just enter the amount on Line 6 on 1040?

Yes. Even though you had only one small sale, Schedule D is required.

If your only capital gains income was from   cap gains distribution(s) from a mutual fund, reported on a 1099-DIV, only  then Schedule D is not required and and the entry made directly on line 6 of form 1040.

rjs
Level 15
Level 15

I sold stock and my gain is 618.55. Do I still have to file a Schedule D or just enter the amount on Line 6 on 1040?

You have to file Schedule D and Form 8949. When you enter the sale of the stock in TurboTax it will create the necessary forms. To report the sale in TurboTax Online you will have to upgrade to Premier.

 

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