What is the 8949 tax 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.

Who must file form 8949?

Anyone who sells or exchanges a capital asset such as stock, land, or artwork must complete Form 8949. Both short-term and long-term transactions must be documented on the form.

Should I file form 8949 or Schedule D?

Any year that you have to report a capital asset transaction, you’ll need to prepare Form 8949 before filling out Schedule D unless an exception applies. Form 8949 requires the details of each capital asset transaction.

Do I file 1099-B or 8949?

Your 1099-B should have all of the information that you need to report on the 8949, including whether each stock sale is short or long term. In case it doesn’t, you can figure this out yourself by separating the stocks you own for one year or less from those you own for more than one year.

Where do I get form 8949?

The IRS provides an interactive Form 8949 on its website. You can complete it online, and then print it out. The form should also be available from any tax preparation software you use.

Is form 8949 reported to IRS?

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.

Where can I file 8949 for free?

Go to www.FreeTaxUSA.com to start your free return today! ▶ See Instructions for Schedule D (Form 1040). ▶ For more information about Form 8949, see www.irs.gov/form8949 ▶ Attach to Schedule D to list your transactions for lines 1, 2, 3, 8, 9, and 10.