Well, it's a "broker" that issues 1099-B's because the brokerage firm really sold the stock for you.
But, actually, it doesn't matter what name you use if you're entering your sales manually because there's absolutely no "broker/bank" identification that's included in the income tax return. All security sales show up with the same basic information of
The financial institution name is strictly for your use and utility. So, for example, if you executed trades through 5 different brokerage firms and wanted to go back and edit or change a particular trade, you can quickly select what broker executed the trade.
Tom Young
Well, it's a "broker" that issues 1099-B's because the brokerage firm really sold the stock for you.
But, actually, it doesn't matter what name you use if you're entering your sales manually because there's absolutely no "broker/bank" identification that's included in the income tax return. All security sales show up with the same basic information of
The financial institution name is strictly for your use and utility. So, for example, if you executed trades through 5 different brokerage firms and wanted to go back and edit or change a particular trade, you can quickly select what broker executed the trade.
Tom Young
Can you import more than 2k transactions by breaking them up into separate listings or is the 2k limit for all brokerages? EG: brokerage ABC-1, Brokerage ABC-2. Would this cause any issues?