You can electronically import stock transactions (from a brokerage or CSV file), enter them in the TaxAct program, or enter them through Stock Assistant.  The TaxAct program will complete Form 8949 Sales and Other Dispositions of Capital Assets for you and include it in your tax return submission.  If you have more than 2,000 stock transactions, or you received a Form 8949, you can use the Form 8949 attachment option to report the summary totals.

#1 - Electronically Import from a TaxAct-supported brokerage

If you have a brokerage account with a TaxAct-supported brokerage, you can import your transactions directly into your TaxAct return:

1. From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
2. Click the Investment Income dropdown, click the 1099 import from institution.
3. Click your brokerage.
4. Continue with the on-screen steps to complete your import.

#2 - Enter each Form 1099-B in your return

Create a Form 1099-B in TaxAct for each stock transaction:

• For instructions to enter Form 1099-B in your TaxAct return, go to our Form 1099-B - Entering into TaxAct FAQ.

#3 - CSV Import

If you obtain a CSV file of your transactions from your brokerage, you can import the file into the TaxAct program:

• For instructions to import a CSV file, go to our How to Import Stock Information Using a CSV File from Your Broker FAQ.
• If you want to create your own CSV file to import, go to our Form 1099-B - Create Your Own Spreadsheet to Import Information and Convert to a CSV File FAQ.

#4 - Stock Assistant for entering transactions

Stock Assistant is a TaxAct tool that allows you to enter multiple transactions at once using a spreadsheet style entry format. To access Stock Assistant:

1. From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
2. Click the Investment Income dropdown, click the Gain or loss on the sale of investments dropdown, then click Stock Assistant.
3. Click Stock Assistant, and enter your information (if you need help, go to our Stock Assistant FAQ).

#5 - Form 8949 attachment option

The IRS allows taxpayers to file summary total amounts if their transactions are already listed on a Form 8949 statement. If you have a Form 8949 statement, you can enter the summary totals in TaxAct, and attach the Form 8949 statement to your return (if you need help attaching the statement to your return, go to our Form 8949 - Multiple PDF Attachments Required and Including Attachments With Return FAQs).  If you have more than six statements, you will need to attach the rest of them with another method.

To enter your Form 8949 summary totals in the TaxAct program:

1. From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
2. Click the Investment Income dropdown, click the Gain or loss on the sale of investments dropdown, then click Enter totals from a statement of transactions you will attach to your return.
3. Click + Add Form 8949 Attachment to create a new copy of the form or click Edit to edit a form already created (desktop program: click Review instead of Edit).
4. Continue with the interview process to enter your information.

The IRS does not require all transactions to be reported on Form 8949 Sales and Other Dispositions of Capital Assets. For transactions with reporting category "A" or "D" (meaning the cost basis was reported to the IRS), if there is no adjustment code/amount you will not be prompted to add this particular summary total as an attachment.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.