Day Trading 1099 B
I started Day Trading last year and I have done hundreds of transactions . Do I only attached the summary pages from the Broker or I need to send all the transactions which are a lot listed.
Thank you
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Hello Robmendi,
If you have a summary document from your broker, you can enter the summary totals instead of each transaction individually. For example, if your statement separates short-term and long-term sales, you can enter two summary entries—one for each category.
If the basis for all sales was reported to the IRS (Box 12 checked) and there are no wash sales or other adjustments, you don’t need to do anything else. However, if the basis was not reported, you had wash sales, adjustments, or Box 2 (Ordinary) was checked, you’ll need to send a summary statement to the IRS listing each transaction.
If e-filing, you can attach a PDF of the summary statement. Otherwise, you’ll need to print and mail it.
For more details, please see our article on broker statements.
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Thank you ! Very helpfulll information
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