Who can file Form 8949?

According to the IRS, individuals, partnerships, corporations, trusts, and estates can file Form 8949 in order to report the following: Anyone filing a joint return must complete as many pages of the form as necessary to report their transactions. The totals from all completed pages of Form 8949 are transferred to Schedule D.

What is form 8949 & Schedule D?

Form 8949: Sales and Other Dispositions of Capital Assets is an IRS form used by both individuals and businesses to report capital gains and losses from investments. Form 8949 and Schedule D are required as part of your tax return whenever a capital asset such as stock is sold during the year.

What should be reported on form 8949?

Here’s what the IRS says should be reported on Form 8949: “Gains from involuntary conversions (other than from casualty or theft) of capital assets not used in your trade or business” — i.e. income from a sale that you “didn’t want to make but had to,” according to Persichitte.