Question $43$ of $100.$

What statement about the reporting of capital gains and losses on a tax return is TRUE?

The totals from each Schedule D are combined on Form $8949.$

Short$-$term transactions are reported on Form $8949,$ and long$-$term transactions are reported on Schedule D$.$

A taxpayer must file a separate Schedule D for each Form $1099-$B transaction with basis reported to the IRS.

A separate row of Form $8949$ must be completed for each transaction for which the taxpayer did not receive a Form $1099-$B $($unless a separate statement is attached$).$

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Question $44$ of $100.$

Each of these taxpayers sold shares of stock during the year. This was each individual's only transaction involving the sale or exchange of a capital asset.

What transaction can be reported directly on Schedule D$,$ bypassing Form $8949?$

Anna sold $100$ shares of ABC stock. Her Form $1099-$B reported information about a wash sale loss.

Evan sold his coin collection to a local dealer. He did not receive a Form $1099-$B reporting details of the transaction.

Maya sold $200$ shares of DEF stock. Her Form $1099-$B indicates that this transaction involved the sale of a covered security, and her basis was reported to the IRS. No adjustments are required.

Perry sold $250$ shares of GHI stock. His Form $1099-$B indicates that this transaction involved the sale of a noncovered security. It does not include information about his cost or other basis.

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