During the year, Allison sold shares of stock. Information about her cost basis and other details about the transaction were reported to her and to the IRS on Form 1099-B, and no correction or adjustment is needed. How is this transaction reported on her tax return?

A. The amount of her capital gain or deductible loss is reported directly on page 1 of her Form 1040.

B. Information about the transaction is reported directly on Schedule D, Capital Gains and Losses. The amount of her capital gain or deductible loss is then reported on page 1 of her Form 1040.