1. From within your TaxAct return, click Resources.
   • On smaller devices, click the menu at the top left corner of your screen, then make your selection. 
2. In the Assistants section, select Stock Assistant. 
3. The Stock Assistant opens in a new window.
4. Make your entries and click Continue.  
5. The entries are carried to the Income Dashboard on the topic Stocks, Cryptocurrency & Other Investments.

1. From within your TaxAct return, click Federal.
   • On smaller devices, click the menu at the top left corner of your screen, then make your selection. 
2. Click the Investment Income drop-down.
3. Click the Gain or loss on the sale of investments drop-down. 
4. Click Stock Assistant. 
5. Click Stock Assistant again and proceed to enter the details. 
6. When you are done, click Continue, and finish the rest of the interview process. 

1. From within your TaxAct return, click Federal.
2. Click the Investment Income drop-down.
3. Click the Gain or loss on the sale of investments drop-down. 
4. Click Stock Assistant. 
5. Click Stock Assistant again and proceed to enter the details. 
6. When you are done, click Continue. 
7. Click Continue again and finish the rest of the interview process. 

• Description: A description of the stock transaction.
• Owner: The taxpayer that owns the transaction.
• Reporting Category: Indicates how the transaction was reported to the taxpayer. The reporting category selection will also determine the holding period for each transaction. Short-term transactions will be indicated with reporting categories A, B, and C, while long-term transactions will be indicated with reporting categories D, E, and F.
• Date Acquired: The date that the stock was purchased.
• Cost or Basis: The amount of money paid for the stock. This amount should be the total cost, not a price per share.
• Date Sold: The date that the stock was sold.
• Sales Proceeds: The amount of money received when the stock was sold. This amount should be the total amount, not an amount per share.
• Add’l Info section – Click the plus icon to add any other information. Check the box or enter amounts as needed. 
  • Wash Sale Loss Disallowed
  • Accrued Market Discount
  • Ordinary Income
  • Collectibles
  • Qualified Opportunity Fund
  • Other Adjustment Code: Choose the IRS approved code for any applicable adjustment to the transaction from the drop list. See the Form 8949 Instructions for the list of adjustment codes. 
  • Adjustment Amount: The adjustment amount that applies to the code selected.
• Gain/Loss: The total amount of gain/loss after any applicable adjustments have been taken into account.
• Review: This link will take you to the TaxAct Q&A for the current selection.

• Delete: This option will delete all data and forms for any selected transactions.
• Change Owner: This link will allow you to change the owner for the selected transactions.
• Change Category: This link will change the reporting category for the selected transactions.