What Form 8949 does When it was first introduced, Form 8949 dramatically changed the way people reported gains and losses on sales of stocks and other investments.

How to report your capital gains on cryptocurrency Before filling out Form 8949, you’ll need to declare that you have transacted in cryptocurrency near the top of the Form 1040.

That should give you and your broker sufficient time to work through Form 8949 discrepancies and hopefully arrange for corrected 1099-Bs.

Form 8949: Sales and Other Dispositions of Capital Assets is an Internal Revenue Service tax form used to report capital gains and losses from investments.

The Internal Revenue Service is offering an updated way to handle problems with the Form 8949, which has been having issues this past tax season. For Form 8949, “Sales and Other Dispositions of ...

That’s an example of IRS automated efficiency. In this case IRS was asking for $13,932 based on gross proceeds from the sale of stock for which IRS attributed no basis. Clearly that makes no sense.

Taxpayer files a Form 8949, which accounts for new IRS cost-basis reporting rules required on securities-broker-issued Form 1099-Bs. As an active investor, taxpayer has hundreds if not thousands ...

Form 8949 Form 8949 is what you'll use to record any transactions you made for assets that could incur a capital gain or loss. That includes digital assets, stocks, bonds and more.

Before Form 8949 came into existence, brokers reported sales information on Form 1099-B, which included only a total amount of sales proceeds.

Before Form 8949 came into existence, brokers reported sales information on Form 1099-B, which included only a total amount of sales proceeds.