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Form 8949 is used to report sales and exchanges of capital assets, such as stocks, bonds, real estate, or partnership interests. It also includes adjustment codes for reconciling basis reported on Forms 1099-B or 1099-S with your return.
- About Form 8949, Sales and Other Dispositions of Capital Assets
Form 8949 is used to list all capital gain and loss...
- 2020 Instructions for Form 8949
General Instructions. File Form 8949 with the Schedule D for...
- About Form 8949, Sales and Other Dispositions of Capital Assets
Use the Worksheet for Accrued Market Discount Adjustment in Column (g) in the IRS instructions for Form 8949 to figure the amount to enter in column (g). However: If you received a partial payment of principal on a bond, don't use the worksheet. Instead, enter the smaller of the accrued market discount or your proceeds in column (g).
If...Then Enter This Code In Column (f)And...You received a Form 1099-B (or substitute ...BIf this transaction is reported on a Part ...You received a Form 1099-B (or substitute ...TReport the transaction on the correct ...You received a Form 1099-B or 1099-S (or ...NReport the transaction on Form 8949 as ...You sold or exchanged your main home at a ...HReport the sale or exchange on Form 8949 ...Form 8949 adjustment codes (1040) Column (f) reports the Form 8949 adjustment codes. For a complete list of column (f) requirements, see the “How To Complete Form 8949, Columns (f) and (g)” section of the Form 8949 instructions. If you need to include multiple codes on Form 8949, use the available fields:
Learn how to enter capital gain or loss transactions in TaxSlayer using Form 8949 and adjustment codes. Find out when you need to adjust the basis and what to do if you received a Form 1099-B or 1099-S with errors.
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These adjustment codes are listed starting on page 7 of the Instructions for Form 8949 Sales and Other Dispositions of Capital Assets, along with information explaining the situation each code represents and information regarding how to properly report the adjustment amount in your return.
General Instructions. File Form 8949 with the Schedule D for the return you are filing. This includes Schedule D of Forms 1040, 1041, 1065, 1065-B, 8865, 1120, 1120S, 1120-C, 1120-F, 1120-FSC, 1120-H, 1120-IC-DISC, 1120-L, 1120-ND, 1120-PC, 1120-POL, 1120-REIT, 1120-RIC, 1120-SF, and certain Forms 990-T.
