Capital gains and losses are reported on Form 1099-B and are automatically carried to Schedule D and/or Form 8949, as applicable. The 1099-B form you received might not report the date acquired or the cost basis, but you are responsible for acquiring and entering that information to properly report the transactions.
Sale Dates - If you sold stocks, funds, or similar property acquired through several different purchases, report the sale on one form and enter "various" as the date acquired. You must indicate if the sale was a short-term or long-term gain or loss. If the sale included both short-term and long-term gains or losses, enter the sale on two separate Forms 1099-B. (In these instances, you can’t enter "various" as the date sold.)
To enter Form 1099-B into the TaxAct program, follow the steps below.
Online
Dashboard
From within your TaxAct return, click Income.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Investments & Savings drop-down.
Click Add beside Stocks, Cryptocurrency & Other Investments.
Enter the form manually or search for a bank or financial provider, then complete the rest of the interview process.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Investment Income drop-down, and then click Gain or loss on the sale of investments and then Capital gain or loss (Form 1099-B).
Click Add Another sale.
Enter the form manually or search for a bank or financial provider, then complete the rest of the interview process.
Desktop
From within your TaxAct return, click Federal.
Click the Investment Income drop-down, and then click Gain or loss on the sale of investments and then Capital gain or loss (Form 1099-B).
Add a new Form 1099-B or click Review to update an existing form.