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    taxtrix's Avatar
    taxtrix Posts: 2, Reputation: 1
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    #1

    Feb 10, 2010, 12:12 PM
    1099 Split Transactions
    In many cases when I do a stock sale, the transaction is reported on my 1099 as multiple transactions reflecting how my brokerage split the order. For example, assuming I sold 1000 shares of CompanyA, since I didn't have a "All or None" order specified, my brokerage sold the shares in lots of 400, 400 and 200. So, I get one single trade confirmation for 1000 shares, but the 1099 shows it as three gains.

    When I enter this information on my Schedule B, does IRS require I enter three lines for each of these lots (although they are the same trade) or can I just enter one for 1000 shares ?

    Essentially, does IRS care about the number of transactions matching the 1099 or does it care about the final amount ?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Feb 11, 2010, 03:15 AM

    Yes, one entry for 1000 shares sold (if you doing it manually)
    Some brokers let you download the stock sales transactions directly to the tax software.
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