Form 8949

Form 8949 is an IRS tax form used to report capital gains and losses from the sale of investment assets. It is filed with your federal income tax return.

The form is divided into two parts: Part I and Part II. Part I is used to report the sale of stocks, bonds, mutual funds, and other investment assets. Part II is used to report the sale of real estate.

For each asset sold, you will need to provide the following information:

• The date of the sale
• The purchase price
• The sales price
• The gain or loss on the sale

If you have any capital losses, you can use them to offset capital gains. This can help you reduce your tax liability.

You can find Form 8949 on the IRS website. You can also file the form electronically through the IRS website or through a tax preparation software program.

Here are some tips for completing Form 8949:

• Be sure to keep accurate records of your investment transactions. This will make it easier to complete the form.
• If you have any questions about the form, you can consult with a tax professional.
• File Form 8949 on time with your federal income tax return.