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Investors & landlords
You need to understand how the IRS handles these sales ... the rule is a form 8949 is NOT required if there are only covered sales and no adjustments are needed. If that is the case the info goes to the Sch D directly and the 8949 is not needed nor desired by the IRS. Their computers will match up what is sent to them by the broker with what you put on the Sch D ... they do not want pages and pages of unneeded 8949 forms any longer. For those who print and mail in the return this is a welcome relief in paper, ink and postage so don't look a gift horse in the mouth. The 8949 is ONLY required for sales with adjustments and/or uncovered sales. Now that the reporting mandate of covered sales by the brokers have been in place for many years the amount of sales that are uncovered are dwindling.