Form 8949 is not a form you can open and enter directly in the program. Instead, it is automatically created based on the investment information you enter and included in the PDF copy of your tax return.
Where Can I Find Form 8949?
Most Form 8949 entries come from information entered in the Investments section.
Entering Investment Information
Follow this path in the program:
- Federal
- Income (Select My Forms)
- Investments
After you enter your sales and investment transactions, the program uses that information to generate Form 8949 and carry the totals to Schedule D.
What Is Form 8949?
Form 8949 is used to report the sale or exchange of capital assets and to reconcile information reported on Forms 1099-B and 1099-S with the amounts reported on your tax return.
Common transactions reported on Form 8949 include:
- Stocks, bonds, mutual funds, and other investments
- Sale of a home or investment property
- Collectibles, artwork, and other capital assets
- Certain personal-use assets that result in a reportable gain or loss
The totals from Form 8949 flow to Schedule D (Form 1040), where your overall capital gain or capital loss is calculated.
How Do I View Form 8949?
To view Form 8949, access the PDF version of your return:
- Sign in to your account.
- Select Summary/Print from the navigation menu.
- Select View Return to open a PDF copy of your return.
- If View Return is not visible, select Show Details.
- If prompted, pay any filing fees by selecting Pay Now before accessing the PDF.
Once the PDF is available, you can view, print, or save Form 8949 along with the rest of your tax return.
What If Form 8949 Doesn't Look Right?
If Form 8949 appears incomplete or contains unexpected information, review all entries in the Investments section. Missing sales information, incorrect dates, or inaccurate cost basis amounts can affect how transactions are reported on the form.