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VS4
New Member

I received 1099-B with almost 100 items. Can I group same stock sales that had no adjustments on Schedule D, and only enter wash sales separately on Form 8949?

I received 1099-B from my broker with almost 100 transactions(attached is a part of it with no sensitive data). From instructions to form 8949, I understand that I need to individually list all transactions that had adjustments(like a wash sale), but I can skip that form for stock sales that had no adjustments and group them on Schedule D. 
From attached doc, can I just list 3 transactions marked with red, that had wash sale and list them on form 8949 and group the rest of transactions as a sum and make one entry for them on Schedule D and how do I do that online? Thanks

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4 Replies
MarilynG
Expert Alumni

I received 1099-B with almost 100 items. Can I group same stock sales that had no adjustments on Schedule D, and only enter wash sales separately on Form 8949?

Yes, you can enter your Stock Sales from category totals shown on your 1099-B.

TurboTax creates the Form 8949 from your entries, and the IRS has a copy of your 1099-B so you don't have to do anything further. 

Here's how to do that:

https://ttlc.intuit.com/replies/4926553  

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VS4
New Member

I received 1099-B with almost 100 items. Can I group same stock sales that had no adjustments on Schedule D, and only enter wash sales separately on Form 8949?

Thanks. Category totals include wash sales and according to form 8949 instructions those need to be listed separately. So do i first need to subtract all wash sales transaction amounts from each category total where a wash sale is present before entering them and the list all wash sale transactions individually?
MarilynG
Expert Alumni

I received 1099-B with almost 100 items. Can I group same stock sales that had no adjustments on Schedule D, and only enter wash sales separately on Form 8949?

Yes, you can do that, here's more info: <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/replies/3301806">https://ttlc.intuit.com/replies/3301806</a>
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I received 1099-B with almost 100 items. Can I group same stock sales that had no adjustments on Schedule D, and only enter wash sales separately on Form 8949?

enter the wash sales on Form 8949, then use the subtotals on the bottom of that form to know how much to subtract. Be sure to NOT check the adjustments box in the summary window.

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