Schedule D

[Pacun]

I have a 1099-B from UBS reporting on line 2 (Stocks, bonds, etc. reported to IRS) Showing $11604.21.

There is a summary showing short term and long term gains/losses showing:

Purchases Sales Gains Losses Net gain/loss

Short 301.33 379.19 77.86 0 77.8

long 14,520.15 11,225.00 111.38 -3,406.53 -3,295.15

Total 14,821.48 11,604.19 189.24 -3,406.53 -3,217.29

Can I use this summary and only report 2 transactions on schedule D?

one transaction for short term a one for long term? Do you think there is wash sales on this?

[Pacun]

I have a 1099-B from UBS reporting on line 2 (Stocks, bonds, etc. reported to IRS) Showing $11604.21.

There is a summary showing short term and long term gains/losses showing:

Purchases Sales Gains Losses Net gain/loss

Short 301.33 379.19 77.86 0 77.8

long 14,520.15 11,225.00 111.38 -3,406.53 -3,295.15

Total 14,821.48 11,604.19 189.24 -3,406.53 -3,217.29

Can I use this summary and only report 2 transactions on schedule D?

one transaction for short term a one for long term? Do you think there is wash sales on this?

Aligment not working properly. Spaces are trancated for some reason. When answering, please quote me and then you will see figures aligned.

[JRS]

I have a 1099-B from UBS reporting on line 2 (Stocks, bonds, etc. reported to IRS) Showing $11604.21.

There is a summary showing short term and long term gains/losses showing:

Purchases Sales Gains Losses Net gain/loss

Short 301.33 379.19 77.86 0 77.8

long 14,520.15 11,225.00 111.38 -3,406.53 -3,295.15

Total 14,821.48 11,604.19 189.24 -3,406.53 -3,217.29

Can I use this summary and only report 2 transactions on schedule D?

one transaction for short term a one for long term? Do you think there is wash sales on this?

You will need to show the equities sold and transaction dates. From your information there is no way to determine any wash sales.

[JRS]

"Enter all sales and exchanges of capital assets, including stocks, bonds, etc., and real estate (if not reported on Form 4684, 4797, 6252, 6781, or 8824). But do not report the sale or exchange of your main home unless required (see page D-2). Include these transactions even if you did not receive a Form 1099-B or 1099-S (or substitute statement) for the transaction. You can use stock ticker symbols or abbreviations to describe the property as long as they are based on the descriptions of the property as shown on Form 1099-B or 1099-S (or substitute statement).

You must enter the details of each transaction on a separate line of Schedule D. If you have more than five transactions to report on line 1 or line 8, you can report the additional transactions on Schedule D-1. Instead of reporting your transactions on Schedules D and D-1, you can report them on an attached statement containing all the same information as Schedules D and D-1 and in a similar format. Use as many Schedules D-1 or attached statements as you need. Enter on Schedule D, lines 2 and 9, the combined totals from all your Schedules D-1 or the attached statements. Do not enter “available upon request” and summary totals in lieu of reporting the details of each transaction on Schedules D and D-1 or attached statements.

If you e-file your return but elect not to include your transactions on the electronic short-term capital gain (or loss) or long-term capital gain (or loss) records, you must attach Schedule D-1 (or a statement with the same information) to Form 8453 and mail the forms to the IRS."

[Margaret CPA in OH]

Also note that the instructions for Lines 1 and 8, Column (- Date Acquired state, "If you sold a block of stock (or similar property) that you acquired through several different purchases, you may report the sale on one line and enter "VARIOUS" in column (. However, you still must report the ....

For Column ©- Date Sold Enter in this column the date you sold the asset....

This has been invaluable in grouping the dividends reinvested for several months or years and all sold on the same date. I have listed each sale date but used the Various purchase date and had several returns successfully efiled and accepted this year and last year with no 'love letters.' I think the intent is clear. At least in my mind, what there is left of it!