Skip to main content
The Form 8949, Sales and other Dispositions of Capital Assets skill extracts data from Forms 8949, which are annual reports about sales and exchanges of capital assets. This form allows U.S. taxpayers and the IRS to reconcile amounts that were reported to them on Forms 1099-B or 1099-S (or substitute statements) with the amounts taxpayers report on their returns. The Form 8949, Sales and other Dispositions of Capital Assets skill is a preview skill. It has been trained on a limited set of documents and is designed to help you quickly get started with processing Forms 8949. For production use, you may need to uptrain the skill with your own document samples. This skill recognizes handwritten text. The option is enabled by default. If you do not import handwritten forms, disable the Handwritten option in the skill settings.

​
Countries and Languages

CountriesLanguages
USAEnglish
French
German
German (New Spelling)

​
Extracted Fields

Asterisk (*) indicates a required field or field group. Values cannot be empty.

​
Basic Information

FieldDescription
YearThe reporting fiscal year.
Name*The name of the payer.
Social Security Number or Taxpayer Identification NumberThe Social Security Number (SSN) or other Taxpayer Identification Number (TIN) of the responsible individual.

​
Short-Term Transactions

FieldDescription
Short-Term TransactionsIndicates short-term transactions reported on Form 1099-B. Possible code values:
Code A (indicates a short-term transaction for which basis was reported to the IRS)
Code B (indicates a short-term transaction for which basis was not reported to the IRS)
Code C (indicates a short-term transaction that was not reported).

​
Short-Term Gains and Losses (Repeating Group)

FieldDescription
Description of PropertyA description of the property for which short-term gains or losses are reported.
Date AcquiredThe acquisition date of any securities sold.
Date Sold or Disposed ofThe trade date of the sale or exchange.
Proceeds (Sales Price)The gross cash proceeds from disposition.
Cost or Other BasisThe adjusted basis of any securities sold unless the security is not covered.
Code(s) From InstructionsThe code for the explanation of any adjustments made to the gain or loss in the Amount of Adjustment field.
Amount of AdjustmentThe adjustments to gain or loss.
Gain or LossThe amount of gain or loss.

​
Short-Term Gains and Losses Totals

FieldDescription
Proceeds (Sales Price)The gross cash proceeds from all dispositions.
Cost or Other BasisThe total amount of the adjusted basis.
Amount of AdjustmentThe total amount of the adjustments to gain or loss.
Gain or LossThe total amount of gain or loss.

​
Long-Term Transactions

FieldDescription
Long-Term TransactionsIndicates long-term transaction reported on Form 1099-B. Possible code values:
Code D (indicates a long-term transaction for which basis was reported to the IRS)
Code E (indicates a long-term transaction for which basis was not reported to the IRS)
Code F (indicates a long-term transaction that was not reported).

​
Long-Term Gains and Losses (Repeating Group)

FieldDescription
Description of PropertyA description of the property for which long-term gains or losses are reported.
Date AcquiredThe acquisition date of any securities sold.
Date Sold or Disposed ofThe trade date of the sale or exchange.
Proceeds (Sales Price)The gross cash proceeds from disposition.
Cost or Other BasisThe adjusted basis of any securities sold unless the security is not covered.
Code(s) From InstructionsThe code for the explanation of any adjustments made to the gain or loss in the Amount of Adjustment field.
Amount of AdjustmentThe adjustments to gain or loss.
Gain or LossThe amount of gain or loss.

​
Long-Term Gains and Losses Totals

FieldDescription
Proceeds (Sales Price)The gross cash proceeds from all dispositions.
Cost or Other BasisThe total amount of the adjusted basis.
Amount of AdjustmentThe total amount of the adjustments to gain or loss.
Gain or LossThe total amount of gain or loss.

​
Key Fields

  • Name