Get the free Instructions for Form 8949 (Rev. 2012) - Internal Revenue Service

Apr 11, 2013 ... 2012. Instructions for Form 8949. Sales and Other Dispositions of Capital Assets. Department of the ... reported on a 2012 form. ... File Form 8949 with the Schedule D for the return

How to fill out instructions for form 8949

Who needs instructions for form 8949?

1. Individuals who have bought or sold stocks, bonds, mutual funds, or other types of investments during the tax year will generally need to complete form 8949. This form is used to report capital gains and losses from these transactions.
2. Additionally, individuals who have received a Form 1099-B from their broker or financial institution indicating the proceeds from these transactions will also need to refer to the instructions for form 8949.
3. It is important to note that even if you do not have any capital gains or losses to report, you may still need to complete this form if you have other adjustments or required codes to include.

How to fill out instructions for form 8949?

1. Begin by gathering all necessary documents and information for your investment transactions, including your Form 1099-B, trade confirmations, and any other relevant records.
2. On form 8949, you will need to report each individual transaction separately. Start by entering the date you acquired the investment, the date you disposed of it, and the description of the property involved.
3. Next, determine whether the transaction resulted in a capital gain or loss. Calculate the difference between the proceeds from the sale and your adjusted cost basis. Enter the appropriate amount in the corresponding column on form 8949.
4. If you have multiple transactions resulting in gains or losses, you will need to repeat the steps for each transaction, entering the necessary information and amounts in the appropriate sections of the form.
5. Once you have reported all relevant transactions, total the amounts for each column and transfer the totals to Schedule D of your tax return.
6. Finally, review your completed form 8949 for accuracy and ensure that all required boxes are checked and codes are included as necessary. Attach the form to your tax return and retain a copy for your records.
7. If you are unsure about how to complete form 8949 or have complex investment transactions, it may be beneficial to seek assistance from a tax professional or refer to the instructions provided by the IRS.

For pdfFiller’s FAQs

What is instructions for form 8949?

Instructions for Form 8949 provide guidance on reporting capital gains and losses from the sale of assets.

Who is required to file instructions for form 8949?

Taxpayers who have capital gains or losses from the sale of assets are required to file instructions for Form 8949.

How to fill out instructions for form 8949?

Instructions for Form 8949 should be filled out by providing details of the asset sold, the date of sale, the cost basis, and the amount of gain or loss.

What is the purpose of instructions for form 8949?

The purpose of instructions for Form 8949 is to accurately report capital gains and losses to the IRS for tax purposes.

What information must be reported on instructions for form 8949?

Information such as the description of the asset sold, the date of sale, the proceeds from the sale, the cost basis, and the amount of gain or loss must be reported on instructions for Form 8949.

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