Cookie2021
Level 3
‎03-21-2021 09:29 AM

I have a client with 5 different investment accounts.  He has at least 4 pages of short term transactions in each invement account and just one long-term. Do I have to list each and every transaction? or can I just indicate "various" in the description and use the Total Cost and Total Proceeds for each of the separate 5 investment accounts?  I can just use the Date Acquired and Date Disposed from the first transaction.  It's all short term anyways.  Is this ok? Not sure if listing all transactions individually is required.

0 Cheers
dascpa
Level 12
‎03-21-2021 09:54 AM

You can attach a PDF file of the transaction to the return.  Then in the data entry area enter:  SHORT-TERM COVERED SALES or similar with a sale date of 12/31/20 and a purchase date of Various. To attach the PDF go to E-File and then Attach PDF Files.  Select the 8949 Attachment.

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Terry53029
Level 15
Level 15
‎03-21-2021 10:28 AM

If they are all "covered" just list ST and LT summary on schedule d worksheet. No need to attach to return