Capital gains/losses

Forum|Forum|5 years ago
March 21, 2021
2 replies
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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.

ProSeries Basic

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Best answer by dascpa

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.

dascpaAnswer

Level 11

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.