Search Help Topics:

Stock Assistant is a valuable tool to provide a quick entry (spreadsheet style) mechanism for capital gain transactions reported on Form 1099-B.

You may quickly add new stock transactions by selecting the bottom table row. A new entry will be automatically created and you may enter all the necessary details.

Field Descriptions

  • Description

    : A description of the stock transaction.
  • Owner

    : The taxpayer that owns the transaction.
  • Reporting Category

    : Indicates how the transaction was reported to the taxpayer. The reporting category selection will also determine the holding period for each transaction. Short-term transactions will be indicated with reporting categories A, B, and C, while long-term transactions will be indicated with reporting categories D, E, and F.
  • Date Acquired

    : The date that the stock was purchased.
  • Cost or Basis

    : The amount of money paid for the stock. This amount should be the total cost, not a price per share.
  • Date Sold

    : The date that the stock was sold.
  • Sales Proceeds

    : The amount of money received when the stock was sold. This amount should be the total amount, not an amount per share.
  • Code

    : IRS approved code for any applicable adjustment to the transaction. For more information about the adjustment codes and amounts, see Capital Gain/Loss Transaction Adjustment Codes.
  • Adjustment Info

    : The adjustment amount that applies to the code selected. For more information about the adjustment codes and amounts, see Capital Gain/Loss Transaction Adjustment Codes.
  • Gain/Loss

    : The total amount of gain/loss after any applicable adjustments have been taken into account.
  • Review

    : This link will take you to the TaxAct Q&A for the current selection.
  • Delete

    : This link will delete all data and forms for any transactions checked.
  • Change Owner

    : This link will change the owner for the transactions checked.
  • Change Category

    : This link will change the reporting category for the transactions checked.

Was this helpful to you?