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Level 5
September 10, 2022
Solved

entering stock transactions for S corp.

  • September 10, 2022
  • 1 reply
  • 6 views

S Corp client has Schwab account with stock transactions (Long and Short Term). Where are these entered on 1120S. Do you use the 8949 or D?

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Best answer by dkh

Select Schedule D to use the Capital Gains and Losses Worksheet to enter the transactions which will then flow to the 8949

 

1 reply

dkh
dkhAnswer
Level 15
September 10, 2022

Select Schedule D to use the Capital Gains and Losses Worksheet to enter the transactions which will then flow to the 8949

 

Summit1Author
Level 5
September 11, 2022

Thank you! Very helpful!

dkh
Level 15
September 11, 2022

You're welcome.