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Get your taxes done using TurboTax
These two forms are similar, but they report slightly different things.
"Sales and Other Dispositions of Capital Assets" is an IRS form used by individuals, and businesses to report capital gains and losses from capital assets.
This form will document:
The sale or exchange of a capital asset not reported on another form or schedule
Gains from involuntary conversions (other than from casualty or theft) of capital assets not used in your trade or business
Non-business bad debts
The worthlessness of a security
The election to defer capital gain invested in a Qualified Opportunity Fund
The disposition of interests in Qualified Opportunity Funds
This is not a change, and it is normal.
Both of the information forms (1099-B, and Disposition of Capital assets), will be entered for every transaction, like last year.
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