r/IRS•
artursau

Capital Gains on Federal Tax Return(Supplement D)

Federal Tax Refund/ E-File Status Question

Do I really must enter/submit each transaction I had in regards to reporting Short-Term Gains (buying-selling stocks) on my Tax Return? Or I simply can enter total from Short-Term Section, and it will be taxed accordingly?

Research online shows contradicting answers: NO and YES (but may/will (?) have to send copies of 1099 Comps of my brokerage accounts. So which one is it?

  • No, I am not a registered day trader, and my gains/losses are relatively low compared to my total full-time income,
  • Yes, I am dumb, this is my first tax Return since moving to the US,
  • Yes, I searched before posting but could not find a post or certain info about this question.

Thank you.

Posted Mar 2, 2021, 12:01 AM UTC

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