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  2. If more than one box applies for your long-term transactions, complete a separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need.

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  3. If this transaction is reported on a Part I with box A checked at the top or if this transaction is reported on a Part II with box D checked at the top, enter the basis shown on Form 1099-B (or substitute statement) in column (e), even though that basis is incorrect.

    If...
    Then Enter This Code In Column (f)
    And...
    You received a Form 1099-B (or substitute ...
    B
    If this transaction is reported on a Part ...
    You received a Form 1099-B (or substitute ...
    T
    Report the transaction on the correct ...
    You received a Form 1099-B or 1099-S (or ...
    N
    Report the transaction on Form 8949 as ...
    You sold or exchanged your main home at a ...
    H
    Report the sale or exchange on Form 8949 ...
  4. Dec 27, 2023 · Form 8949: Sales and Other Dispositions of Capital Assets is used to report capital gains and losses from the sale or exchange of capital assets to the IRS. This includes stocks, bonds, mutual funds, and real estate investments. Some key things to know about Form 8949:

  5. appropriate part of Form 8949. Report a net short-term capital gain (or loss) on Part I (with box C checked) and a net long-term capital gain (or loss) on Part II (with box F checked). In column (a), enter “From Schedule K-1 (Form 1065)” or “From Schedule K-1 (Form 1041),” whichever applies; enter the gain (or loss) in column

  6. You may need to adjust the basis if you received a Form 1099-B or 1099-S (or substitute statement) that is incorrect, are excluding or postponing a capital gain, have a disallowed loss, or certain other situations. Details are in the table below. In Scope Transactions. IF THE...

  7. Transactions grouped with Box C or F-type transactions. Group short-term transactions with Box E and group long-term transactions with Box F.

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