JohnB5677
Expert Alumni

Investors & landlords

You should be able to reconcile the 8949 and the Schedule D

Complete Form 8949, Sales and Other Dispositions of Capital Assets and Losses BEFORE you complete line 1, 2, 3, 8, 9, or 10 of Schedule D.

 

Use Form 8949 to report the sale or exchange of a capital asset not reported on another form or schedule.

 

Form 8949 has two sections: one section to list your short-term gains and losses and a second section to list your long-term gains and losses. 

To accommodate these reporting requirements for gains and losses, you should separate gains and losses in the following order:

  • Short-term gains and losses where basis was reported on Form 1099-B
  • Short-term gains and losses where basis was not reported on Form 1099-B
  • Short-term gains and losses not reported on Form 1099-B
  • Long-term gains and losses where basis was reported on Form 1099-B
  • Long-term gains and losses where basis was reported on Form 1099-B
  • Long-term gains and losses not reported on Form 1099-B

You must list these transactions on Form 8949 before completing Schedule D.

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