Reply To: 1099-B

Home Fairmark Forum Taxation of Investments 1099-B Reply To: 1099-B

#2255
kaneohe
Participant

https://www.irs.gov/pub/irs-pdf/f1040sd.pdf

see the instructions for lines 1a and 8a on Sch D. If the 1099B reports the cost basis to IRS,then it sounds like you can just put the totals for groups 2 & 3 on the appropriate lines on Sch D. For group 1 where the basis is not reported, you are told to enter the transactions on the 8949 where you will have to provide the basis ti URS so 2 entries on the 8949 and 2 entries on Sch D. You will also have to provide a total from the 8949 to Sch D on the appropriate line for a total of 5 entries.