>You must report the capital losses since the >brokerage firm will report the sale to IRS on a 1099->B. You must file a form 1040 with a schedule D. If >you do not do the schedule D showing the date of sale >and purchase as well as your cost basis (what you >paid plus commissions) and net proceeds, IRS will >assume that the whole sales price is gain. Your loss >does not exceed your income so there will be no carry >forward loss.

I would appreciate your reply. I obtained Schedule D, and got confused again. There are only 4 rows(Part I, 1) to write down transaction, however, I made more than 20 times of transaction this year. Do I have to get different form, or just use 4-5 copies of Schedule D. Also, writing in cost basis indicate ignoring buy/sell commision fee. I thought I can use commision fee as expense for capital gain/loss. What's going on? Thank you for your time.