When you are on the Schedule D, there are several ways to separate short term and long term transactions.
If there are few transactions, you can enter these directly on the form, sorting the short term and long term by entering each in the correct section.
If you have more than four of either type of transaction, link from line 1 or line 8 to the Capital Gain/Loss Transaction Worksheet. DO NOT SKIP ANY LINES WHILE ENTERING TRANSACTIONS. This will separate the transactions and transfer them to the Short Term or Long Term Statements, then to the Schedule D.
Note: One thing to remember when you use this method is that if you have more than 50 of either type of transaction, you must go to the Short Term or Long Term Statement (whichever is applicable) and copy the worksheet for every 50 transactions that you have by pressing Shift F10. For each new worksheet (Short or Long Term), you will need to override (F8) the first entry (column (a) "Description of Property"), and tab out of the entry to be sure that Ultimate Tax knows it is there. Repeat this process of copying a new Short Term and/or Long Term statement until you do not have a full 50 transactions showing on the page. Totals of all statements will appear on Schedule D, page 1.
This information applies to all years of the UltimateTax software.