Problem: Trades do not appear on the correct sections of Form 8949.
TradeLog applies certain rules for reporting trades on Form 8949 based on IRS requirements for 1099-B. However, there may be situations where brokers report a trade(s) differently.
Steps to resolve:
- Run your 1099-B Reconciliation and check the settings in the 1099-B Details window match your broker's reporting. Click Here for Instructions
Running the 1099-B Reconciliation report once may be necessary for TradeLog to apply reporting rules correctly on the Form 8949, even if the default settings for 1099-B Details are accurate.
- If individual trades need to be reported on a different section of Form 8949, use the Adjust Form 8949 Code function. Click Here for Instructions
Note - In some situations it may not be possible to match the 1099-B reporting for some trades. For example, if TradeLog is treating a trade as long term as a result of wash sale adjustments, your broker may be treating as short term if they are not required to make the same wash sale adjustments. It's important to remember that you are responsible for accurately reporting your trades with all adjustments and therefore your report may be different than the 1099-B.