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Lee's Summit Missouri Form Steps to Fill out 8949 Online: What You Should Know
Entering the Form 8949: Form 8949 FAQs — H&R Block Form 8949: Summary of Items to Be Reported on Line 1 — Information Complete lines 7, 9, 10a, and 9a as shown below. A. In General Form 8949 is a report of capital assets, such as real estate, business, farms, and livestock, held for 1 year or less. If your tax year ends in December or May, check the box and line on your Schedule D that corresponds to your tax year ending on December 31 (or your tax year ending June 30, or your tax year ending September 30) If the date your capital asset was acquired is more than 1 year ago, you must complete Schedule D for that additional year to report that capital asset. If your tax year ends in June, report line 7 instead of 7a. Note: Some capital assets you hold can be held during the tax year that you received the information on. If you report on Form 8949, you can choose (see Example 2, below) to include that capital asset in income on your tax return. B. Date Acquired Line 5 must be completed by the earliest of the following dates. For a tax year beginning January 1 or earlier: January 1 – December 31 Line 5 must be: — If no capital asset was reported on Schedule D for this year or the year before (the year of the Form 8949), line 5 must be: On paper — If a capital asset reported on Schedule D was held for more than 1 year (the year of the Form 8949), line 5 can be filled in as soon as you file your return of income. You should submit Form 8949 after the due dates for the first period of treatment, that is, your first 3 months after the end of the year in which you acquired the asset(s). The period of treatment starts on the last day of the tax year following the first period; that is, the last day of the tax year for which you file. For a tax year beginning after January 1 or during 2018: January 1 – December 31 On paper — If no capital asset was reported on Schedule D for this year or the year before, line 6 must be. — If a capital asset reported on Schedule D was held for more than 1 year (the year of the Form 8949), line 6 can be filled in as soon as you file your return of income.
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