If you sold stocks, ETFs, or other investments, you’ll receive a Form 1099-B from your brokerage. This form reports your investment sales and is used to calculate your capital gains or losses.
To report your sales accurately, we need the full 1099-B showing:
Each individual transaction
The cost basis (what you originally paid)
Whether the sale is marked short-term or long-term
Short-term gains apply to investments held for one year or less.
Long-term gains apply to investments held for more than one year.
We use this information to accurately report your investment sales on Form 8949 and Schedule D.
How to upload your 1099-B
Navigate to the Income section
Select Investment income and choose Continue
On the How do you want to add your investment income? screen, upload or take a clear photo of your 1099-B.
Make sure your document includes all pages and clearly shows either:
Each transaction, or
The summary totals (codes A–L) with their amounts
Important
april doesn’t currently support reporting federal tax withholding from Form 1099-B. If your 1099-B shows federal income tax withheld (for example, in Box 4), that amount won’t be captured when you upload or enter your 1099-B.
This content is provided for informational purposes only and should not be construed as tax, legal, financial, accounting, or other advice. Rules and regulations vary by location and are subject to change, so please consult with an expert if you need advice specific to you.
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