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Use Form 8949 to reconcile amounts that were reported to you and the IRS on Form 1099-B or 1099-S (or substitute statement) with the amounts you report on your return. The subtotals from this form will then be carried over to Schedule D (Form 1040), where gain or loss will be calculated in aggregate.
If youre looking for more help with tax reporting using Form 8949 and nondeductible contributions, get the help of HR Block. Drop off, file online, or work with a tax pro remotelyits up to you!
You can electronically import stock transactions (from a brokerage or CSV file), enter them in the TaxAct program, or enter them through Stock Assistant. The TaxAct program will complete Form 8949 Sales and Other Dispositions of Capital Assets for you and include it in your tax return submission.
E-file. If you e-file your return but choose not to report each transaction on a separate row on the electronic return, you must attach Form 8949 to Form 8453 (or the appropriate form in the Form 8453 series) and mail the forms to the IRS. (However, you cant attach a paper Form 8949 to Form 8453-FE.)
When you enter investment sales or exchanges from Form 1099-B or 1099-S in TurboTax, well automatically fill out Form 8949 and transfer the info to Schedule D. You dont need to fill out the 8949 yourself.
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As you complete Form 8949, youll need a few different pieces of information, including the date you acquired the property, the date you sold the property, the sales price (amount the property was sold for), and the cost or other basis (amount you paid for the property plus any fees or commissions).
Form 8949 isnt required for certain transactions. You may be able to aggregate those transactions and report them directly on either line 1a (for short-term transactions) or line 8a (for long-term transactions) of Schedule D.
Go to .FreeTaxUSA.com to start your free return today! ▶ See Instructions for Schedule D (Form 1040). ▶ For more information about Form 8949, see .irs.gov/form8949 ▶ Attach to Schedule D to list your transactions for lines 1, 2, 3, 8, 9, and 10. Note: You must check one of the boxes below.

2021 8949