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Although you cannot enter information from Form 1099-B Proceeds From Broker and Barter Exchange Transactions directly onto Schedule D (Form 1040) Capital Gains and Losses, the following steps may help to streamline the entry process for TaxAct Desktop (download) customers.

The information to be entered on Form 8949 Sales and Other Dispositions of Capital Assets and Schedule D is entered on Form 1099-B in TaxAct. The appropriate number of forms will be submitted with your e-file and/or printed with your return based on your entries and the IRS instructions for Form 8949 and Schedule D. A maximum of 2,000 Forms 1099-B may be entered in TaxAct.

Desktop/Download Users:

  1. Click the Forms icon in the toolbar.
  2. Expand the Federal Forms view, then expand the Documents Received view.
  3. Scroll down and double-click Form 1099-B - Capital Gains Transactions.
  4. Upgrade is required. Click Add, click Entry Method of information, then enter the information for the first Form 1099-B.
  5. Click the New Copy icon on the left side of the toolbar to start a second form.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.


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