According to the IRS, “Use Form 8949 to reconcile amounts that were reported to you and the IRS on Form 1099-B or 1099-S (or substitute statement) with the amounts you report on your return. The subtotals from this form will then be carried over to Schedule D (Form 1040), where gain or loss will be calculated in aggregate.”
Form 8949 will report sales and exchanges from capital assets such as investment properties, homes, bonds, art, and collectibles.
Where is this form located within the program?
Form 8949 is not a direct entry form within our program. This form is generated within the PDF of your return based on the information entered in by the user. The most common section of the program used to generate Form 8949, is the Capital Gains and Losses section. The Capital Gains and Losses section, may be located by following this path:
- Federal Section
- Capital Gains and Losses
How do I view Form 8949?
You may view the PDF of your return by logging into your account and selecting the “Summary/Print” tab from the navigation menu. Next, select "View Return" to view, print or save a PDF copy of your return. If you do not see an option for "View Return", select the "Show Details" dropdown. To view, print or save your PDF, you must first pay your filing fees. You can do this by selecting the "Pay Now" option.