Question

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?

Forum|Forum|7 years ago
June 6, 2019
1 reply
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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

TurboTax Premier Online

M

mglauner

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

V

VS4Author

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?