In: Accounting
The true statement is,
-any taxpayer must file a separate schedule D for each form 1099 B transaction with bases reported to the IRS.
Reason:
If the taxpayer has the short term transactions or long term transactions, he has to report this information on schedule D. It should also have an IRS form.Schedule D requires its taxpayers to report some transactions of sales price, its cost, gains or losses. These information can be collected from 1099 B,which the taxpayer must file IRS for reporting.
Thus, the statement; "any taxpayer must file a separate schedule D for each 1099 B transaction with bases reported to IRS.