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A comment on Launch HN: Financial Choice (YC S21) – Checking accounts with market returns. Parent comment

Re:Launch HN: Financial Choice (YC S21) – Checking accounts ... by konne88 on Monday August 09, 2021 @02:18PM (#28120285)
You can usually aggregate all your trades into a single line on your tax form.

"You can aggregate all short-term and all long-term covered transactions and report them as single-line entries directly on Schedule D. A covered transaction is one where your broker provided a 1099-B Form to the IRS that: 1) Show acquisition date and basis and 2) Don’t require any adjustments or codes"

https://www.hrblock.com/tax-center/income/investments/report...

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Re:Launch HN: Financial Choice (YC S21) – Checking accounts ... by jklein11 on Tuesday August 10, 2021 @03:54PM (#28133459)
Let me make sure I understand. My broker (in this case Financial Choice) will provide me with a 1099-B with a list of every time I bought or sold a security(this seems like it would be any time a used the checking account). I can then use the 1099 b to figure out what number goes into Schedule D.
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