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Purpose of Form. Use Form 8949 to report sales and exchanges of capital assets. Form 8949 allows you and the IRS to reconcile amounts that were reported to you and the IRS on Forms 1099-B or 1099-S (or substitute statements) with the amounts you report on your return.
Form. Department of the Treasury Internal Revenue Service. Sales and Other Dispositions of Capital Assets. File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D. Go to www.irs.gov/Form8949 for instructions and the latest information. OMB No. 1545-0074.
Feb 22, 2024 · Page Last Reviewed or Updated: 22-Feb-2024. Information about Form 8949, Sales and other Dispositions of Capital Assets, including recent updates, related forms and instructions on how to file. Form 8949 is used to list all capital gain and loss transactions.
Nov 24, 2023 · Part of the Series. Federal Tax Forms. Any time you sell or exchange capital assets, such as stocks, land, or artwork, you must report the transaction on your federal income tax return. To do so,...
Nov 27, 2023 · Suzanne Kvilhaug. What Is IRS Form 8949? Form 8949: Sales and Other Dispositions of Capital Assets is an Internal Revenue Service (IRS) form used to report capital gains...
What is Form 8949 Used For? If you exchange or sell capital assets, report them on your federal tax return using Form 8949: Sales and Other Dispositions of Capital Assets. You will report the totals of Form 8949 on Schedule D of Form 1040. Here is more information on how Tax Form 8949 is used from the IRS:
Apr 11, 2023 · There are two parts to this form: Part I: Short term transactions. Part II: Long term transactions. Let’s start with Part I. Part I: Short-term transactions. In Part I of Form 8949, you will list all short-term transactions that occurred during the tax year.
