The following descriptions are allowed for e-filing in the date fields of Form 1099-B Proceeds From Broker and Barter Exchange Transactions:
Note. The date must be in MM/DD/YYYY format.
TaxAct supports a property description length of 34 characters on Form 1099-B for capital gains transactions. All capital gain/loss transactions from categories B, C, E, and F will be reported on Form 8949 Sales and Other Dispositions of Capital Assets based upon the reporting category. The totals from Form 8949 will be added to any capital gain/loss transactions from categories A and D, then transferred to Schedule D (Form 1040) Capital Gains and Losses.
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.