Get Irs 8949 2024-2026

The IRS 8949 form is used to report sales and dispositions of capital assets. This guide provides step-by-step instructions on filling out Form 8949 online to ensure accurate reporting of your transactions.

Follow the steps to fill out Form 8949 online effectively.

1. Click ‘Get Form’ button to access the form and open it in your preferred editor.
2. Identify whether you have received any Form(s) 1099-B or substitute statements from your broker. These documents will inform you about whether your basis was reported to the IRS.
3. Determine if your transactions fall under short-term or long-term categories. For short-term transactions, check one box from options A, B, or C. For long-term transactions, check one box from options D, E, or F.
4. Enter the required details in the respective fields, such as the description of property, dates acquired and sold, proceeds, cost or other basis, and any adjustments.
5. Calculate totals for each section and enter them in the provided fields. Ensure that you aggregate transactions where applicable.
6. Review all entries to ensure accuracy. Once all information is correctly inputted, save your changes.
7. Download, print, or share the completed form as needed for your records and to file along with your Schedule D.

Complete your tax documents online for efficient filing.