Form 8949

A new Form 8949, Sales and Other Dispositions of Capital Assets, contains all capital gain and loss transactions. Transactions will no longer be reported directly on Form 1040, Schedule D, Capital Gains and Losses. The subtotals from Form 8949 are carried over to Schedule D, where gain or loss is calculated in aggregate. Short and long-term transactions are listed by these categories:

• Form 1099-B, Box 3 that show basis
• Form 1099-B, Box 3 that does not show basis
• Form 1099-B not received

A checkbox in Part I and Part II identifies the type of transaction reported. Only one box may be checked in each Part; taxpayers with more than one type of transaction must file a separate Form 8949 for each type of transaction. For more information, see Income - Capital Gain or Loss.