Reply To: 1099-B on individual stocks and wash sale reporting

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#2292
Kaye Thomas
Moderator

The following is from page 3 of the instructions for Form 8949:

Form 8949 isn’t required for certain transactions. You may be able to aggregate those transactions and report them directly on either line 1a (for short-term transactions) or line 8a (for long-term transactions) of Schedule D. This option applies only to transactions (other than sales of collectibles) for which:
• You received a Form 1099-B (or substitute statement) that shows basis was reported to the IRS and doesn’t show any adjustments in box 1f or 1g;
• The Ordinary box in box 2 isn’t checked; and
• You don’t need to make any adjustments to the basis or type of gain or (loss) reported on Form 1099-B (or substitute statement), or to your gain or (loss).

This confirms that you are not allowed to report the wash sale transactions directly on Schedule D, but allows you to report the other thirteen transactions directly on Schedule D.

You’ll find lines for the other items you mention on Schedule 1.

  • This reply was modified 2 years, 7 months ago by Kaye Thomas.