How do I record multiple stock sales on Schedule D? Do I record the average number of shares purchased, the total amount of proceeds, and the total amount paid for them? Or do I have to list each transaction?
List each transaction.
In the ProSeries Profession there is a box just above Part I, a statement with stock details for each transaction is attached. This statement needs to have the same information as required by Schedule D and needs to be broken down between short term and long term transactions.
Each transaction still needs to be listed.
When there are multiple transactions, I attach the broker's detail of gains/losses, and carry four subtotals forward to Sch D: STCG, STCL, LTCG, LTCL. As long as the individual gains and losses are calculated on the broker's statement, I've never had one bounce -- even if the format is not identical to Sch D, as the IRS insists it must be. YMMV.
