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This article demonstrates how to add enter stock or crypto currency sales on Form 8949,. |
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Reporting Stock/Digital Asset Sales
Taxpayers who sold a stock or their interest in a digital asset during the tax year must reconcile these sales on their tax return.
Taxpayers may receive a Form 1099-B, 1099-S, 1099-MISC, or a summary from their investment company detailing these transactions.
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You cannot simply add the total from the taxpayer’s brokerage statement. If you are not entering the stock or digital asset transactions one by one, you must follow the proper procedures for entering multiple transactions on one line, this includes attaching the binary attachment with all of their brokerage paper work and entering code “M” for multiple in Column F. For more information regarding entering multiple transactions on one line, please contact CTTS via the call center, support will be unable to provide assistance for stocks over email. |
Reporting Stock/Digital Asset Sales
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