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The IRS does not require all transactions to be reported on Form 8949 Sales and Other Dispositions of Capital Assets. For transactions with reporting category "A" or "D" (meaning the cost basis was reported to the IRS), if there is no adjustment code/amount they can be reported directly on Schedule D (Form 1040) Capital Gains and Losses, Lines 1a and 8a, respectively. If you would like all of your transactions to be listed on Form 8949, you can force the program to print these transaction on Form 8949. They will then be reported on Schedule D, Lines 1b and 8b.

To force all transactions to be listed on Form 8949:

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then click Federal.
  2. Click Investment Income in the Federal Quick Q&A Topics menu to expand, click Gain or loss on the sale of investments to expand, then click Print all capital gain or (loss) transactions on Form 8949.
  3. Continue with the interview process to enter all of the appropriate information.
  4. On the screen titled Investment Income - Form 8949, check Print all capital gain or (loss) transactions on Form 8949, then click Continue.

The TaxAct program will only print both pages 1 and 2 of Form 8949 if you have entered both short- and long-term transactions, per IRS Instructions for Form 8949.

You don't need to complete and file an entire copy of Form 8949 (Part I and Part II) if you can check a single box to describe all your transactions. In that case, complete and file either Part I or Part II and check the box that describes the transactions. Otherwise, complete a separate Part I or Part II for each category of your transactions, as described earlier.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.


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