Question

Long Term Capital Gains/Losses

Forum|Forum|1 year ago
March 13, 2025
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How do I input the detailed info into Turbo Tax for Long Term Capital Gains/Losses into Form 8949

Taxpayers use Form 8949 to reconcile amounts that were reported to them and the IRS on Form 1099-B or 1099-S (or substitute statement) with the amounts they report on your return.

You don't need to fill out the 8949 yourself. TurboTax will automatically fill out Form 8949 and transfer the info to Schedule D when you enter investment sales or exchanges from Form 1099-B or 1099-S.

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