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Use Schedule D (Form 1040) to report the following: The sale or exchange of a capital asset not reported on another form or schedule. Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit.
Reporting the Sale Additionally, you must report the sale of the home if you cant exclude all of your capital gain from income. Use Schedule D (Form 1040), Capital Gains and Losses and Form 8949, Sales and Other Dispositions of Capital Assets when required to report the home sale.
Any year that you have to report a capital asset transaction, youll need to prepare Form 8949 before filling out Schedule D unless an exception applies. Form 8949 requires the details of each capital asset transaction.
You do not have to file Form 8949 or Schedule D if both of the following apply. You have no capital losses, and your only capital gains are capital gain distributions from Form(s) 1099-DIV, Box 2a (or substitute statements).
If distributions, line 13, are your only investment items to report, you dont have to fill out Schedule D; they go directly on your 1040 or 1040A return. You also can escape Schedule D if your only capital gain is from the sale of your residence.
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If distributions, line 13, are your only investment items to report, you dont have to fill out Schedule D; they go directly on your 1040 or 1040A return. You also can escape Schedule D if your only capital gain is from the sale of your residence.
Any year that you have to report a capital asset transaction, youll need to prepare Form 8949 before filling out Schedule D unless an exception applies. Form 8949 requires the details of each capital asset transaction.
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.
Any year that you have to report a capital asset transaction, youll need to prepare Form 8949 before filling out Schedule D unless an exception applies. Form 8949 requires the details of each capital asset transaction.
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.

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