#Good news! The IRS has extended the tax deadline to April 18th! As long as you submit your federal return by midnight on 4/18/2018, you won't be considered a late filer for your federal return. Direct debit tax payments that are submitted with your federal return (or on the IRS website) by 4/18 are also considered timely filed ×

Where does the sale information that I entered go on my tax return?

The information from Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, and other sales of capital assets will be shown on Federal 1040 Schedule D and possibly Form 8949. Schedule D is a summary of all the capital gains and losses you received during the year. The net total of gains and loss from Schedule D will be carried to line 13 of Federal Form 1040.

You want to file a Form 8949 to reconcile amounts that were reported to you and the IRS on Form 1099-B or 1099-S (or substitute statement) with the amounts you report on your tax return. If the Form(s) 1099-B (or all substitute statements) you received show basis was reported to the IRS and if no correction or adjustment is needed, you may not need to file Form 8949.

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