TurboTax FAQ
TurboTax FAQ
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What is Form 8949?

Form 8949, Sales and Other Dispositions of Capital Assets is where details of your sales and exchanges are shown, allowing you and the IRS to reconcile amounts that were reported to you and the IRS on Form 1099-B or 1099-S (or on a consolidated or substitute statement) with the amounts you report on your return.

When sales and exchanges of capital assets are entered in TurboTax, they also appear on Form 8949 and are moved to Schedule D, Capital Gains & Losses. Part I of the form shows short-term sales (assets held less than one year), Part II shows your long-term sales (assets held more than one year).

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