Stock Sales - Short Term A and Long Term D

[Yardley CPA]

I recall reading on here that you could lump stock sales that have a designation of Short Term A  (lumping all A's together) or Long Term D (lumping all D's together) when entering on them on 8949 .  Is that the case even if the sales are for different company stocks with different purchase/sale dates?  What would be entered in the Description Field in that case?  "Various?"  And what dates would you use for the Date Acquired and Date Sold?

Edited April 5, 2015 by Yardley CPA

[Lynn EA USTCP in Louisiana]

I put the brokerage firm's name that issued the report, and the account #.  There's a column for codes - use M

[Yardley CPA]

Thanks very much!

[Lion EA]

Check the instructions for Schedule D lines 1a and 8a to see if your transactions qualify.  If so, no descriptions nor dates needed.  How you enter those lines in your software is another question, but I can't answer that.

[joanmcq]

There are boxes on the A & D lines to simply put in the proceeds & basis. No need to put in any dates. Sweet if there aren't any adjustments- like those #^{+ wash sales.

[RitaB]

There are boxes on the A & D lines to simply put in the proceeds & basis. No need to put in any dates. Sweet if there aren't any adjustments- like those #^{+ wash sales.

Yes, n ATX, just enter proceeds and basis directly on Sch D in the blue boxes. No dates. Skip the 8949 input on those. Yippee.

[Jack from Ohio]

I recall reading on here that you could lump stock sales that have a designation of Short Term A  (lumping all A's together) or Long Term D (lumping all D's together) when entering on them on 8949 .  Is that the case even if the sales are for different company stocks with different purchase/sale dates?  What would be entered in the Description Field in that case?  "Various?"  And what dates would you use for the Date Acquired and Date Sold?

These two ladies have it totally correct.

 

There are boxes on the A & D lines to simply put in the proceeds & basis. No need to put in any dates. Sweet if there aren't any adjustments- like those #^{+ wash sales.

 

Yes, n ATX, just enter proceeds and basis directly on Sch D in the blue boxes. No dates. Skip the 8949 input on those. Yippee.

Only make entries for transactions NOT labeled "A" or "D."

[Randall]

Yes, a lot easier now that a few years have gone by and brokers have the info needed to code A and D.  Should get even easier each year.

[RitaB]

These two ladies have it totally correct.

Except I did not get my edit of "in" for "n" in time, and I am so embarrassed to look like a 15 year-old cell phone idiot.

Edited April 6, 2015 by RitaB

[JohnH]

I don't think any1 will ber8 u 4 using shorthand.

[RitaB]

I don't think any1 will ber8 u 4 using shorthand.

Yeah, let's go with "I meant to do that."

[JohnH]

k

[Gail in Virginia]

ROFL