If I have a lot of stock sales, on my Form 1099-B, can I simply add the totals (proceeds) and Cost basis of all transactions, or do I have to enter them all?

[keithhallsenterp]

For example, do I have to list each stock sale (apple, At&T, etc) or can I simply list the total reported of all sales?

[CarolynM · Accepted solution]

No, you don't have to list each transaction, but you should report by type of sale.

There are two types of capital gains- long term and short term.

There are two types of sales- reported and non-reported.

Tax form 1099-B often divides sales into four categories based on the above-

Short Term Covered

Short Term Uncovered

Long Term Covered

Long Term Uncovered

You can enter as provided on your form or classify for yourself into these categories.

For more information, follow this link: Capital Gains Guide