Knowledge Base

10542: 1099-B - Broker and Barter Transactions

1040 Individual

Where do I enter broker and barter exchange transactions in an individual return?


For sales and other dispositions of capital assets, use screen 8949 on the Income tab under Sale of Assets. This screen can also be opened by entering screen code 8949 or D.

  • Individual transactions are entered on screen 8949. The transactions are consolidated and listed on Form 8949, and the totals flow to Schedule D.
  • The option is still available to attach a manually-prepared transaction statement (such as a spreadsheet containing all the information contained on Form 8949; see Schedule D Instructions)
    • to a paper filed return
    • to an e-filed return (see "Attachments for e-Filing - Federal Returns" in Related Links at the bottom of this page).
    • to Form 8453 to be mailed after e-filing (see "8949 - Import Transactions, PDI Indicator or PDF Attachment" in Related Links).
  • To select box A, B or C at the top of Part 1 (short-term), or box D, E, or F at the top of Part II (long-term), use the field drop list Applicable Part I/Part II check box on Form 8949 on screen 8949.
  • Up to three Adjustment Codes can be reported on each 8949 screen.

For barter transactions, consult Publication 525, Taxable and Nontaxable Income (the "Bartering" section under "Miscellaneous Income").

Note: Per Publication 529, page 4, miscellaneous brokerage fees and expenses can no longer be deducted, and as such there is no direct entry line for them in Drake Tax (starting with Drake18). In Drake17 and prior, these might be entered on Schedule A; see Schedule A Instructions for details and limitations.  

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