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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.)
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.
Enter the proceeds in column (d), enter the cost basis in column (e), enter L in column (f), and enter in column (g) the amount of the adjustment that will result in $0 as the gain or loss in column (h).
You report every sale of stock during the year, identifying the stock, the date you bought it, the date you sold it, and how much you gained or lost. Note that you have to list long-term and short-term assets separately.
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Enter all sales and exchanges of capital assets, including stocks, bonds, and real estate (if not reported on line 1a or 8a of Schedule D or on Form 4684, 4797, 6252, 6781, or 8824). Include these transactions even if you didnt receive a Form 1099-B or 1099-S (or substitute statement) for the transaction.
Brokerage firms are required to report stock transactions on Form 1099-B. While the brokerage information may contain multiple transactions, they dont necessarily need to be individually entered in the tax return but can be aggregated.
You dont need to manually fill out Form 8949, because we automatically do that when you enter your investment sales or exchanges. If youre paper-filing your return, Form 8949 will simply be included with all your other tax forms when you print them out.
If you sold some stocks this year, youre probably aware that you will need to include some information on your tax return. What you may not realize, is that youll need to report every transaction on an IRS Form 8949 in addition to a Schedule D.
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.

form 8949 2021