Capital Gains and Losses
The information from Form 1099-B will need to be entered correctly into the software so the data regarding a sale of an asset will be reported on Form 8949, Schedule D, and Form 1040, Line 6.
To enter Form 1099-B for your capital gain or loss transactions:
By entering data for a Form 1099-B, a Form 8949 and Schedule D will be created. The information from Schedule D populates on Form 1040, Line 6.
Please refer to IRS Publication 550 Investment Income and Expenses, for additional information.