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Financial Planning / Tax Strategies


Subject:  Re: 1099 Tactical Question Date:  1/21/2013  12:11 PM
Author:  TMFPMarti Number:  117467 of 127753

Is it acceptable to the IRS (in the sense that it'll cause minimal confusion) to aggregate each of the lots into the single buy/sell order in which they were entered, or must I enumerate each lot as the actual confirmations delineate?

Also, can I use stock symbols, or should I use the company name?

Do at least one entry for each sale shown on the 1099-B. If you purchased what was sold on more than one purchase date you can combine purchases and use "various" for the date. You must still separate between long- and short-term, though.

I use symbols.

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