Entering Form 8949 Totals Into TaxACT®

Enter your TradeLog generated gain/loss totals into TaxACT® Online Premier version

1.  Generate and print the Form 8949 in TradeLog. Included at the end of your Form 8949 should be a Schedule D - Capital Gains and Losses Instruction Sheet; this sheet will be used to assist you in completing the steps below.
    
2.  Click on the following link: Sign In to TaxACT® You will then need to either login to your existing account or sign-up for a new account.
    
3.  From the Q&A main menu, select the Federal tab, then select the Income tab. Next to Capital gains or losses, click Review.
4. From the Capital Gains or Losses - Summary, next to Form 8949, click Review.
5. Click on +Add a New Provider.
6. Next you will be prompted to Enter your provider's name. Type "TradeLog" as instructed. Then click Continue.
7. The Schedule D - Capital Gains and Losses Instruction Sheet generated by TradeLog will contain the information you need to enter next.
8. Identify the reporting category for the section you are entering. This is indicated on the Schedule D Instruction Sheet as box A, box B, box C, box D, box E, or box F. In our sample shown below we can see this is box A or Category A.In TaxACT® we will select the Form 8949 reporting category as A - Investment: Short-Term, 1099-B Includes Purchase Price from the drop-down box.
9. Next, identify the amounts to enter for Proceeds, Cost, and Adjustments from columns (d), (e), and (g) respectively on the Schedule D Instruction Sheet, as shown in the example below. In TaxACT®, type these totals in the respective fields for Total Sales Proceeds, Total Cost or Other Basis, and Wash Sale Loss. Then click Continue.
10. On the Review of your category information, confirm the totals are correct and that the Gain/Loss matches with the Gain or (loss) reported in column (h) of the Schedule D Instruction Sheet, as shown in the two images below. Then click Continue.
11. Select + Add New Reporting Category and repeat steps 8 through 10 above for each Form 8949 section you have - as indicated by the lines on the Schedule D Instruction Sheet. When finished, select Continue, and then No to continue.
12. On the Summary, confirm the Capital Gain or Loss total is correct and matches with the Gain or (loss) reported in column (h) of the Schedule D Instruction Sheet, then click Continue.