IRS Form 8949: The Instructions to Fill it Right
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IRS Form 8949: The Instructions to Fill it Right
Mar 16, 2020
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Stocks, Crypto, and More: How Form 8949 Tracks Your Capital Gains
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Form 8949 is where we report the sale of capital assets, most commonly stocks. 📊 But here’s what’s new. There are now three new checkboxes on this form that deal with Form 1099-DA 👀 What is 1099-DA? It’s all about digital assets. If your clients are investing in things like: ✅ Bitcoin ✅ Other cryptocurrencies ✅ NFTs ✅ Any kind of digital asset They now need to report those transactions here, directly to the IRS. 📢 Make sure you’re prepared, and your clients are too. These updates matter. | Na
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