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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. From within your TaxAct return (Desktop), click Forms in the options bar to view Forms Explorer (if it is not already visible).
  2. Click Federal from the dropdown in Forms Explorer, then click the Documents Received dropdown (if it is not already expanded).
  3. Scroll down and click Form 1099-B - Capital Gains Transactions, and it will appear in Forms View.
  4. Fill out the form, and when you're ready to add another, click + Add New below the Form 1099-B dropdown in Forms Explorer.

Online or Desktop:

If you want to report your Form(s) 1099-B in the Q&A, go to our Form 1099-B - Entering Capital Gains and Losses in Program FAQ.

To import Form(s) 1099-B instead of manually entering, go to our Forms 8949 and 1099-B - Entering Stock Transactions in Program FAQ.


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


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