Message Font: Serif | Sans-Serif
No. of Recommendations: 1
Hey all, first time trying do taxes with stocks being sold on my own, I tried using the free taxaxt software, but seems like it wants me to create a 1099-B for each transaction throughout the year!

There is no actual difference between 10 1099-Bs with one transaction each, and 1 1099-B with 10 transactions (so long as all the details are the same). I agree that TaxAct isn't always entirely clear on some things, but if you know what you're doing, you can't beat the price :)

But, if you do use TaxAct, just enter each transaction one entry at a time, and then just be sure that your final tax return is correct.

If you need more help, you may want to go with more refined (and costly) software.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.