Rajeev Dhir is a writer with 10+ years of experience as a journalist with a background in broadcast, print ... Form 8949 is used to report capital gains and losses from investments for tax ...

The Internal Revenue Service (IRS) has released the Schedule D tax form instructions and printable forms for the ... The IRS also provides free tax counseling and assistance to taxpayers through ...

You'll need it to report short- and long-term capital gains to the IRS When you sell or exchange capital assets like stocks, bonds, real estate, or artwork, you must report these transactions on ...

Can you safely file a tax return with large unexplained discrepancies on Form 8949? Won’t that significantly increase your chances of a tax exam, or lead to tax notices? What a nightmare.

As tax season rolls in ... you must answer yes to the question and use form 8949 to record your capital gain or loss. You must also check yes and fill out the form if you acquired any new digital ...

It is highly recommended to use a crypto tax software to automate this process. Once you connect your exchanges and wallets to a software, you can generate a Form 8949 with all the transactions.