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Through a new relationship with Form8949.com, TaxAct users can now use Form8949.com to import their stock information into their tax return.
  • Electronic Import
  • .CSV File Import
  • Form 8949 Summary Totals Attachment*

*Users with more than 2,000 transactions must use this option.

Electronic Import (or .CSV File Import):

If you have less than 2000 transactions, you can import the stock transactions from Form8949.com directly into your TaxAct return. To import your transactions directly into your TaxAct return:

  1. From within your TaxAct return (Online or Desktop), click on the Federal tab. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal
  2. Click Investment Income to expand the category, and then click Gain or loss on the sale of investments
  3. Click Stock Data Import
  4. Click Electronic Import
  5. Select Form8949.com from the Brokerage or software vendor drop-down menu
  6. Enter your File Number and Passcode
  7. Click Continue to see a listing of all transactions included in your Form8949.com account
  8. Click Import to import all transactions into your TaxAct return

Note: If you prefer to import a .CSV file instead, click CSV Import in Step #4 above, then browse your computer files for the .CSV file.

Summary Totals:

If you have more than 2000 transactions (or choose not to import your transactions into your TaxAct return), you can enter your summary totals by reporting category. You can then attach your Form 8949 Statements to your electronic tax return and file electronically. Or you can print your Form 8949 Statements and include them with your paper return. To enter your statement summary totals into your TaxAct return:

  1. From within your TaxAct return (Online or Desktop), click on the Federal tab. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal
  2. Click Investment Income to expand the category, and then click Gain or loss on the sale of investments
  3. Click Enter totals from a statement of transactions you will attach to your return
  4. Click Add to create a new copy
  5. Check the box to indicate you will be attaching a statement and click Continue
  6. Enter "Form8949.com" in the Name of brokerage field and click Continue
  7. You will now enter the summary totals by reporting category. Click Add to enter the summary totals for the first reporting category.
  8. Select the reporting category of the summary totals you are entering from the drop down list and click Continue
  9. Enter the total sales proceeds, total cost or other basis, and total adjustment amounts from above for the corresponding reporting category. Click Continue twice
  10. Repeat steps 8 through 10 for each reporting category listed above that needs to be entered.

Note: The cost of Form8949.com services is not included in your TaxAct program fees.

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