Do I report EVERY stock trade to IRS?

You can not use the average price when reporting sales. In accordance with IRS rules, if you sell a stock and that sale is broken into multiple lots, you must enter each lot separately on Schedule D. When you get your Form 1099B, for every sale on it, there should be a corresponding line on Schedule D.

Some people like to cut corners and simplify things when filing taxes. But IRS rules require you to enter the details of every transaction. If they happen to compare the info your broker reports to them with your tax return and see 500 transactions on the 1009B, but only 200 on Schedule D, you will likely have to explain it on an audit.

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expensive WH: you have 2 alternatives. record each commerce(each order has a purchase cost) and each sale on Sch D. or Summarize all trades on Sch D and comprise a duplicate of your brokerage for the IRS to study. average expenditures are allowed to compute the muse of mutual money shares not shares. this suggestion replaced into arranged in accordance with our know-how of the tax regulation in effect on the time it replaced into written because it applies to the data which you presented. click on my profile to study extra. Errol Quinn Enrolled Agent

Account annual profit and/or loss for the IRS. You are not required to account for each and every trade.

you have to report how much is made or lost on transactions, not the selling price.

If you can't figure it out, get a broker or an accountant.