Yes, it is acceptable to use Various for acquisition dates, and total the cost basis and proceeds for a single stock, bond, mutual fund, etc. If you want to use totals for multiple transactions of different investments, you can enter Summary Totals. To do so,
- Click on Search
- In the Search Window type Jump to
1099-B
- Click on Jump to
1099-B
- Click + Add an
Account (if the
account you were trying to download is showing, delete it first)
-
Answer Yes to "Did you get
a 1099-B or a brokerage statement for these sales?"
- Click on "I'll type it
in myself"
- Select you Bank or brokerage
and click Continue
- On the page with "Tell us
about your Charles Schwab 1099-B" click the button "I'll enter a
summary for each sales category"
- Enter your Investment Sale
information and repeat till you have entered for each category.
After entering all
your category summaries, Look for "To finish reporting these sales,
follow the mailing instructions" and
click on the link for these instructions:
Take a moment to
double-check that your statements are complete. For each sale listed, there
should be:
- - A
Description
- - Date
Acquired
- - Date Sold
- - Sales Price
- - Cost Basis
- - Gain or loss
for each sale
- - A based on
how the sale was reported to you and the IRS
In some uncommon
cases, there will be an adjustment code and adjustment amount.
NOTE: Any sales summaries that include only Box A or Box D
sales, and which have no adjustments to gain/loss, do not need to be included
on a statement mailed to the IRS.
Here's how to mail
your statements:
If you are e-filing
your tax return, then mail your statements along with Form 8453 to:
Internal
Revenue Service
Attn: Shipping
and Receiving, 0254
Receipt and
Control Branch
Austin, TX
73344-0254
If you are not
e-filing, then mail your statements with your entire tax return to your local
IRS office.
