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Case Study 3: Form 8949 and Schedule DOn August 12, 2014, Tess bought 200 shares of XYZ Company for $1,500. On October 1, 2015, she bought 500 shares of TUV, Inc. for $8,000. On November 18, 2015, she bought 2,000 shares of QRS, Inc. for $5,000. Each amount includes the commission. On January 10, 2024, Tess sold the stock in XYZ and TUV. The Form 1099-B from her broker reported gross proceeds of $1,875 for the XYZ stock, and $6,000 for TUV. Tess paid commissions of $35 for selling the XYZ shares, and $40 for selling TUV. Form 1099-B, Box 1e does not show basis. On May 27, 2024, Tess sold the QRS stock for $10,000. She paid a $50 commission. Her broker reported sales price less commissions (net proceeds) of $9,950 on Form 1099-B, and Box 1e does not show basis. How would Tess report these gains and losses on Form 8949 and Schedule D? Click here for an explanation. Tess should report her long-term capital gains and losses on Form 8949, page 2, with subtotals transferring to Schedule D, Part II. Click here to review Tess's completed Form 8949 and Schedule D, Part II:
The subtotals from Form 8949, page 2, are carried to Schedule D, line 9; column (h) shows the net gain or loss for all the stock transactions. 
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