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Reporting Capital Gains and Losses

Form 8949


Generally, use Form 8949 to report gains and losses and exchanges of capital assets.  Short-term gains and losses must first be reported in Part I of Form 8949 and long-term gains and losses must first be reported in part II of Form 8949. Exceptions apply.


Schedule D

Schedule D should be used to figure the overall gain or loss from transactions reported on Form(s) 8949, and to report any additional capital gain distributions not reported directly on Form 1040.

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Cathy Fisher

Common Cents Bookkeeping and Tax Preparation

Serving Henderson, NC, Buncombe County, Polk County, Transylvania County

E: cathy@commoncentsqbo.com

P: 828-595-2835

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