Search results
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.
Feb 22, 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.
Dec 27, 2023 · Learn how to accurately report your capital gains and losses on IRS Form 8949 and Schedule D. Understand key deadlines, filing instructions, and more.
Jan 17, 2023 · Updated on January 17, 2023. Reviewed by. Ebony J. Howard. Fact checked by J.R. Duren. In This Article. View All. Photo: Rowan Jordan / Getty Images. Definition. Sources. IRS Form 8949 is for reporting sales and exchanges of capital assets (including cryptocurrency). It is filed along with Schedule D of your federal income tax form.
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 and losses from...
Nov 24, 2023 · Updated November 24, 2023. Reviewed by. Ebony Howard. Fact checked by. Vikki Velasquez. Any time you sell or exchange capital assets, such as stocks, land, or artwork, you must report the...
Aug 31, 2023 · Description of property. Dates of acquisition and sale. Proceeds (sales price) Cost or other basis. Adjustments (if any) to gain or loss and the adjustment code. Gain or loss. Once you’ve calculated a total for your short-term transactions, move on to Part II. Part II reports long-term transactions, and it follows the same instructions as Part I.
