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1099-DA Summary or Line-by-line?

jeanmarc
Level 4

For digital assets, with no adjustments, are you entering the information line by line for each transaction?
Or, are you using the totals for Proceeds and Cost Basis in the Form 8949 Reporting Exception Transactions section for “any assets elligible to be reported directly on Schedule D, bypassing 8949, may be summarized here.?

There are no adjustments on this one and since Wash Sales rules don’t apply to digital assets, there is none of that either.

TIA!

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1 Comment 1
sjrcpa
Level 15

Are they covered or noncovered?


The more I know the more I don’t know.