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Form 1099 on Capital Gain/Loss Transactions Worksheet
🔍 Form 1099 on Capital Gain/Loss Transactions Worksheet
Use the letters below to indicate how each transaction should be handled on the Capital Gain/Loss Transactions Worksheet.
📝 Enter the Correct Letter for Each Transaction
Enter one of the following letters for each transaction:
- A = For short-term transactions reported on Form 1099-B (or substitute statement) and cost or other basis was reported to the IRS.
- B = For short-term transactions reported on Form 1099-B (or substitute statement) but cost or other basis was not reported to the IRS.
- C = For short-term transactions for which boxes A or B do not apply.
- D = For long-term transactions reported on Form 1099-B (or substitute statement) and cost or other basis reported to the IRS.
- E = For long-term transactions reported on Form 1099-B (or substitute statement) but cost or other basis was not reported to the IRS.
- F = Form long-term transactions for which boxes D or Edo not apply.
📊 How These Letters Affect Form 8949
These letters are calculated to various copies of Form 8949 in the return.
There will be an 8949 form for each of the letters entered and for each Short term and Long term transactions.
📞 Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
Tags: federal,form