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Form 8949 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. 2023. Attachment Sequence No. 12A
Form 8949 is used to list all capital gain and loss transactions. Information about Form 8949, Sales and other Dispositions of Capital Assets, including recent updates, related forms and instructions on how to file.
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.
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 investments.
Form 8949 is used to reconcile the amounts reported to you on Form 1099-B or 1099-S with what you report on your return. The subtotals from Form 8949 will then be carried over to Schedule D on...
Form 8949, mandated by the IRS, is crucial for taxpayers who have sold or exchanged capital assets within the tax year. This includes assets like stocks, bonds, and real estate. The form categorizes transactions into two parts based on the asset's holding period: short-term and long-term.
Form 8949 (Sales and Other Dispositions of Capital Assets) records the details of your capital asset (investment) sales or exchanges. Part I of the 8949 shows the short-term transactions (held less than a year) and Part II has the long-term transactions.