you'll report a gain; if you lost money on the sale, you'll report a loss. IRSForm 8949(Sales and Other Dispositions of Capital Assets) is used to report your gain or loss, and you must also report it onSchedule Dof yourForm 1040. If you...
If you receive a 1099-K form for payments you received for the sale of personal items, report any profit from the sale onForm 8949, which will carry over toSchedule Dand then to your 1040 form. Although a loss from the sale of personal items won’t result in ...
Form 1099-B Form 1099-Bshows proceeds from securities transactions. Use the information on Form 1099-B to fill out IRSForm 8949. If you have an account at a brokerage or mutual fund company, the Form 1099-B you received could report a single or multiple transactions. ...