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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.
You must report all 1099-B transactions on Schedule D (Form 1040), Capital Gains and Losses and you may need to use Form 8949, Sales and Other Dispositions of Capital Assets.
What Happens If I Don't Report Stock Sales to the IRS? Failing to report stock sales can result in severe consequences. The IRS will eventually discover unreported transactions and may issue a bill for the taxes owed on the sale proceeds.
Form 8949 is required for anyone who sells or exchanges a capital asset, such as stocks, land, or artwork. It tracks both short-term and long-term transactions, with different tax implications for each.
While all capital gains are taxable and must be reported on your tax return, only capital losses on investment or business property are deductible.
If you sell stocks, bonds, derivatives or other securities through a broker, you can expect to receive one or more copies of Form 1099-B in January. This form is used to report gains or losses from such transactions in the preceding year.