Question: A taxpayer received a Form 1 0 9 9 - B reporting proceeds and basis for a 2 0 2 4 sale of stock. Which

A taxpayer received a Form 1099-B reporting proceeds and basis for a 2024 sale of stock. Which of the following statements is NOT CORRECT regarding the proper reporting of 1099-B information in 2024?
Transactions reported on Form 1099-B for which basis was reported to the IRS and for which the taxpayer has no adjustments may be excluded from reporting on Form 8949.
Taxpayers may choose to report all transactions on Form 8949 and carry forward these summaries.
Taxpayers may simply separate all Form 1099-B amounts into a short and long term summary, and report directly on revised Schedule D, Lines 1a (short-term) and 8a (long-term).
Transactions reported on Form 1099-B for which basis was reported to the IRS and for which the taxpayer has no adjustments must be reported on Form 8949.

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