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Level 3
posted Feb 23, 2025 10:17:48 AM

1099 B Transactions

If I only have 1099 B Long Term Gains that are Section D is it correct that I don't need to include copy of 1099 B with the return if I list transactions as summary instead of individually?

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1 Replies
Level 15
Feb 23, 2025 10:26:34 AM

technically if you use the summary entry method, there can be no adjustments like for wash sales and you must report long term on line 8a of schedule D. - must be done manually because import generally brings in the detail of each trade and they are reported on form 8949