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Youll have to file a Schedule D form if you realized any capital gains or losses from your investments in taxable accounts. That is, if you sold an asset in a taxable account, youll need to file. Investments include stocks, ETFs, mutual funds, bonds, options, real estate, futures, cryptocurrency and more.
You pay capital gains taxes with your income tax return, typically using Schedule D. The data from Form 1099-B helps you fill out Schedule D and Form 8949 if needed.
Form 1099-B is used to report capital gains and losses that a taxpayer incurs after selling certain assets through brokerages and barter exchanges. These firms send separate forms for each transaction to both the IRS and the investor.
Schedule D is included in TurboTax Premier, TurboTax Live Premier, Self-Employed, and TurboTax Live Self-Employed (online) and in all personal CD/Download versions of TurboTax.
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.
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People also ask

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.
Go to .irs.gov/ScheduleD for instructions and the latest information.
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.
Who Needs to File Schedule D: Capital Gains and Losses? In general, taxpayers who have short-term capital gains, short-term capital losses, long-term capital gains, or long-term capital losses must report this information on Schedule D, an IRS form that accompanies form 1040.
Schedule D of Form 1040 is used to report most capital gain (or loss) transactions. But before you can enter your net gain or loss on Schedule D, you have to complete Form 8949.

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