Got my first one with more than a few transactions. This was through Option House Brokers and client did day trading during 2011. First and last time he did this.
So far I have not gotten a 1099B or a 1099DIV. However, did get a Form 8949 completely filled out with all the transactions for the year. Even has disallowed losses listed. It consists of 7 pages all short term with B checked.
Can I just list in tax program the Broker Name with totals and send their completed Form 8949 with 8453. What do I list in description of property column.
Also have another one time transaction from another broker which also is short term. Do I just list on another line of the above 8949. What do I list in the description of property column.
Or in other words if I have more than one broker can I send the trades from one on 8453 but enter on 8949 in my software on the others.
Can I show individual sales on 8949 for some sales and on the same 8949 show totals and submit breakdown with 8453.
So far I have not gotten a 1099B or a 1099DIV. However, did get a Form 8949 completely filled out with all the transactions for the year. Even has disallowed losses listed. It consists of 7 pages all short term with B checked.
Can I just list in tax program the Broker Name with totals and send their completed Form 8949 with 8453. What do I list in description of property column.
Also have another one time transaction from another broker which also is short term. Do I just list on another line of the above 8949. What do I list in the description of property column.
Or in other words if I have more than one broker can I send the trades from one on 8453 but enter on 8949 in my software on the others.
Can I show individual sales on 8949 for some sales and on the same 8949 show totals and submit breakdown with 8453.