A taxpayer has 6 separate capital gain transactions.Four of them are long-term and two are short term transactions.Two of the long term transactions have box 3 from Form 1099-B checked,one does not have box 3 from Form 1099-B checked,and there was no 1099-B received for one of the long term transactions.One short term transaction has box 3 from a 1099-B checked and the other transaction does not have box 3 from a 1099-B checked.How many Form 8949 must the taxpayer complete?

Question

Quizplus · Accepted Answer

The taxpayer must complete separate Form 8949s for each category of transactions: long-term transactions with box 3 checked, long-term transactions without box 3 checked, and short term transactions with box 3 checked. Therefore, there will be three separate Form 8949s for the six transactions. The fact that one of the long-term transactions did not have a 1099-B received does not change the requirement to report it on a Form 8949.

A Taxpayer Has 6 Separate Capital Gain Transactions