According to the IRS website and publication 4681 it states that we are to complete schedule D and Form 8949, to show a gain or loss, even though a loss is not deductible. Also does it matter if box 5 on the 1099-A is checked? I have read on-line on multiple tax websites that you do have submit these forms, however these comments were mostly older after the housing downfall. I just don't want this to come back and haunt me. Does this still apply as "informational" and we don't have to file these forms? Can you please make sure that this is not reportable?
