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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.
For Form8949.com users, if you have more than 2000 transactions (or choose not to import your transactions into your TaxAct return), you can enter your summary totals by reporting category. You can then attach your Form 8949 Statements to your electronic tax return and file electronically.
If you exchange or sell capital assets, report them on your federal tax return using Form 8949: Sales and Other Dispositions of Capital Assets. You will report the totals of Form 8949 on Schedule D of Form 1040.
Form 8949 isn't 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.
If you sold a capital asset, such as a stock or bond, you must complete and attach Form 8949 and Schedule D.

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Key Takeaways. IRS Form 8949 is used to report capital gains and losses from investments for tax purposes. The form segregates short-term capital gains and losses from long-term ones. Filing this form also requires a Schedule D and a Form 1099-B, which is provided by brokerages to taxpayers.
Individuals. Individuals use Form 8949 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 used in your trade or business.
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.
Taxpayers can omit transactions from Form 8949 if: They received a Form 1099-B that shows that the cost basis was reported to the IRS, and. You did not have a non-deductible wash sale loss or adjustments to the basis, gain or loss, or to the type of gain or loss (short term or long term).
Regarding reporting trades on Form 1099 and Schedule D, you must report each trade separately by either: Including each trade on Form 8949, which transfers to Schedule D. Combining the trades for each short-term or long-term category on your Schedule D.

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