I have a fidelity account. I’m on F1. I tried using sprint tax and they said that I have to enter all my trades as separate 1099b. So if I have 10 trades then I have to fill 10 1099b forms. I was wondering if there is a better way to do this? Is it really necessary to fill 10 forms ? Same question for 1099 div and int #cpa #irs #tax
If the basis was reported to the government (it will say this on the form) for all your trades, you can just do one summary form with the totals since the IRS already has the transaction details from your broker. Freetaxusa.com makes this clear in their software. Not sure about sprintax.
I see so I put in the total gain/loss in the section and mention all the trades separated by comma? Is that a feasible approach?
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Check TaxAct maybe, cheap and easy to use.