3. Fill-in-the-Form: Prepare Form 8949, Sales and Other Dispositions o Schedule D (Form 1040), Capital Gains and Losses, for James information provided. Your instructor will provide a blank Form 8949 and Sche 1040). and Losses, for James and Gayle Moon using the positions of Capital Assets, and k Form 8949 and Schedule D (Form James A. (SSN 347-47-4447) and Gayle S. (SSN 246-18-8299) Moon are married and joint return. During 2018, they sold the following securities: No. of Shares Company Date Acquired Date Sold Sales Price 30 Cost UDC Corp. 6-25-10 $1,500 8-2-18 $2,100 EPI Corp. 2-2-18 4,500 12-10-18 3,000 100 ICU Corp. 5-15-11 11-5-18 17,500 100 10,200 9-3-13 9-10-18 4,800 200 3-1-18 4,600 10-10-18 4.900 50 DMG Corp. RLS Corp. 5,100 Form 1099-B shows the Moons' basis for all sales in 2018. A short-term capital loss of $410 was carried over from 2017. The Moons have no qualified dividends this year. per 8949 449 Sale Sales and Other Dispositions of Capital Assets le with your schedule to transactions for lines 1, 2, 3, .and 10 of Schedule Social security brey 2018 12A tisin number BORA B, or below, we wou med o 1099-B or substitute statement from your broker. A subtitute broker and m broker and may even tell you which box to check o rmation as Form 1000-8. Either will show whether your baisaly your cost was reported to the IRS by your Part I Short-Term. Transactions involving capital assets you held 1 year or less are generally short-term (see instructions). For long-term transactions, see page 2 Note: You may aggregate all short-term transactions reported on Forms) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D. line 1a: you aren't required to report these transactions on Form 8949 (see instructions) You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions te para form 8949, page 1 for each plicable box. If you have more short-term transact on than went on this page for one or more of the boxes, complete as many forms with the same box checked as you need (A) Short-term transactions reported on Form 1099-3 showing basis was reported to the IRS ( Do Note above (B) Short-term transactions reported on Forms 1099-B showing basis wasn't reported to the IRS D C ) Short-term transactions not reported to you on Form 1099-B d Description of property Ban 100 XYZ ) M ay Dede sold or Ms. day Proceeds to a to bass racodacom See the Note beow See the partem the care Codeiro Amount of instructions du mon from column land 2 Totals. Add the amounts in columna dello and hubtract negative amounts Enter each total here and include on your Schedule D line 1 Box A above is checked. line 2 of Box B above is checked, or line Box above is checked Note: If you checked Box A above but the basis reported to the IRS as adjustment in column to correct the bass. See Column to in the sec For Paperwork Reduction Act Notice, see your tax return instructions reported to the IRS was incorrect, enter income the basis as reported to the IRS and See Column in the separate instructions for how to figure the amount of the Cat No. 37 Form 8949 2018 12A Po 2 Ache Before you check Box D, E or below. see whether you received an 1000-B or substitute statement from your broer. A subst.de statement we have the same information as Form w Bee whether you are any Form broker and may even tell you which box o - Emershow whether your assury your cong was reported to the RS by your BE Part II Long-Term. Transactions invon Long-Term. Transactions involving capital assets you held more than 1 year are genera y long-tempo action Fototerm tractions, se page Note: You may aggregate all long-term transactions reported on Formis) 1099-B showing basis was reported 18 and for which no adjustments or codes are required. Enter the totais directly on schedule D line you aren't required to report these transactions on Form 8949 (seo instructions You must check Box D, E, or F below. Check only one box more than one box applies for your long-term transactions.com a separate Form 8949, page 2. for each aplicable box If you have more long-term transactions than will it on this page for one or more of the boxes, complete as many forms with the same box checked as you need Long-term transactions reported on Forms 1099-B showing basis was reported to the IRS ( Note above Long-term transactions reported on Formis) 1000-8 showing basis wasn't reported to the IRS D F) Long-term transactions not reported to you on Form 1099-B Correa Podem se the separate dedos cer sem ample 10 h XYZ cas ructions et 2 Totals. Add the amounts in columns id, lol, and subtract negative amounts Enter each total here and include on your Schedule D. line of Box D above is checked in for E above is checked. line 10 Box Fabove is checked NoteIf you checked Box D above but the basis reported to the IRS was incorrect, enter in column in the basis dustment in column to correct the basis. See Coum w in the separate instructions for how to four them , and enter Form 8949 0010 O No. 15450074 SCHEDULED For 1040 or 1040- 2019 Capital Gains and Losses Attach to Form 104, 1040-SR or 1040-NR. do to www.in.cow Shedule for intructions and the latest information. Une Fem 1940 to list your transactions for lines 16. 2. , , . and 10 e 12 bar Your e Did you dispose of any investment in a quand op Yes No M" Ye a rly investments in a qualified opportunity fund during the tax year? Form 949 and s t ructions for additional requireme natructions for additional requirements for reporting your gain or loss. Pants Short-Term Capital Gains and Las Generally Assets Held One Year or Less (see instructions) N or po See instructions for how to figure the amounts to enter on the lines below gan This form may be easier to complete If you round off cents to price whole dollars 1a Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see Instructions) However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b . 1b Totals for all transactions reported on Form ) 8949 with Box A checked . . . 2 Totals for all transactions reported on Form ) 8049 with Box B checked . 3 Totals for all transactions reported on Form(s) 8940 with Box G checked 4 Short-term gain from Form 6252 and short-term gain or dos) from Forms 4684, 6781, and 8824 . . 5 Net short-term gain or loss) from partnerships Scorporations, estates, and trusts from Scheduled) K-1 6 Short-term capital loss carryover, Enter the amount, if any, from line 8 of your Capital Loss Carryover Worksheet in the instructions - 7 Net short-term capital gain or loss). Combine lines ta through 6 in column . If you have any long- term capital gains or losses, go to Part Il below. Otherwise, go to Part on the back Part II Long-Term Capital Gains and Losses-Generally Assets Held More Than One Year (see instructions) See instructions for how to figure the amounts to enter on the ines below. Scotro column to gain or loss from from column l and This form may be easier to complete if you round off cents to ales prie for other basi whole dollars. with column Ba Totals for all long-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see Instructions) However, you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b 8b Totals for all transactions reported on Form(s) 8949 with Box D checked . 9 Totals for al transactions reported on Forms) 8949 with Box E checked . . . 10 Totals for all transactions reported on Forms) 8949 with Box F checked.. 11 Gain from Form 4797 Part : long-term gain from Forms 2439 and 6252; and long-term gain or doss from Forms 4684, 6781, and 8824 . . . 12 Not long-term gain or loss) from partnerships, S corporations, estates, and trusts from Schedules) K-1 12 13 Capital gain distributions. See the instructions 14 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions . . . . . . . . . . . 15 Nat long-term capital gain or loss). Combine lines Ba through 14 in column (). Then go to Partille the back. . . . For Paperwork Reduction Act Notice, see your tax return instructions Cat No. 11338H 13 15 Schedule Form 1040 1040-9 2010 Sehen Part 1000 100 Summary 16 Combine lines 7 and 15 and on the result If line 16 is a gain, enter the amount om line 16 on Form 1040 1040-NR. Ine 14. Then go to ne 17 below anter the amount from line 16 on Form 1040 or 1040-SA line 8; of Form loss, skip lines 17 through 20 below. Then go to line 21. Also be sure to complete 1040 or 1040-SR, line line 16 is zero, skip lines 17 through 21 below and enter 0-on Form 6; or Form 1040-NR line 14. Then go to line 22 Are Ines 15 and 16 both gains? Yes. Go to line 18 No. Skip lines 18 through 21, and go to line 22. 18 If you are required to complete the 20% Rate Gain Worksheet (see Instructions), enter the . . amountary, from ine 7 of that worksheet . . - - - 18 19 If you are required to complete the Unrecaptured Section 1250 Gain Worksheet (see instructions), enter the amount, if any, tror ine 18 of that worksheet - - - - 20 Aro lines 18 and 19 both zero or blank? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 12a for in the instructions for Form 1040-NR line 42). Don't complete lines 21 and 22 below. No. Complete the Schedule D Tax Worksheet in the instructions. Don't complete lines 21 and 22 below. 21 I line 16 is a loss, enter here and on Form 1040 or 1040-SR, line 6; or Form 1040-NR, line 14 the smaller of: The loss on line 16; or $3,000). or if married filing separately, ($1,500) Note: When figuring which amount is smaller, treat both amounts as positive numbers. 22 Do you have qualified dividends on Form 1040 or 1040-SR, line 3a; or Form 1040-NR, line 10? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 12a (or in the instructions for Form 1040-NR line 42) No. Complete the rest of Form 1040, 1040-SR, or 1040-NR. Schedule Form 1040 or 1040-1 2019 3. Fill-in-the-Form: Prepare Form 8949, Sales and Other Dispositions o Schedule D (Form 1040), Capital Gains and Losses, for James information provided. Your instructor will provide a blank Form 8949 and Sche 1040). and Losses, for James and Gayle Moon using the positions of Capital Assets, and k Form 8949 and Schedule D (Form James A. (SSN 347-47-4447) and Gayle S. (SSN 246-18-8299) Moon are married and joint return. During 2018, they sold the following securities: No. of Shares Company Date Acquired Date Sold Sales Price 30 Cost UDC Corp. 6-25-10 $1,500 8-2-18 $2,100 EPI Corp. 2-2-18 4,500 12-10-18 3,000 100 ICU Corp. 5-15-11 11-5-18 17,500 100 10,200 9-3-13 9-10-18 4,800 200 3-1-18 4,600 10-10-18 4.900 50 DMG Corp. RLS Corp. 5,100 Form 1099-B shows the Moons' basis for all sales in 2018. A short-term capital loss of $410 was carried over from 2017. The Moons have no qualified dividends this year. per 8949 449 Sale Sales and Other Dispositions of Capital Assets le with your schedule to transactions for lines 1, 2, 3, .and 10 of Schedule Social security brey 2018 12A tisin number BORA B, or below, we wou med o 1099-B or substitute statement from your broker. A subtitute broker and m broker and may even tell you which box to check o rmation as Form 1000-8. Either will show whether your baisaly your cost was reported to the IRS by your Part I Short-Term. Transactions involving capital assets you held 1 year or less are generally short-term (see instructions). For long-term transactions, see page 2 Note: You may aggregate all short-term transactions reported on Forms) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D. line 1a: you aren't required to report these transactions on Form 8949 (see instructions) You must check Box A, B, or C below. Check only one box. If more than one box applies for your short-term transactions te para form 8949, page 1 for each plicable box. If you have more short-term transact on than went on this page for one or more of the boxes, complete as many forms with the same box checked as you need (A) Short-term transactions reported on Form 1099-3 showing basis was reported to the IRS ( Do Note above (B) Short-term transactions reported on Forms 1099-B showing basis wasn't reported to the IRS D C ) Short-term transactions not reported to you on Form 1099-B d Description of property Ban 100 XYZ ) M ay Dede sold or Ms. day Proceeds to a to bass racodacom See the Note beow See the partem the care Codeiro Amount of instructions du mon from column land 2 Totals. Add the amounts in columna dello and hubtract negative amounts Enter each total here and include on your Schedule D line 1 Box A above is checked. line 2 of Box B above is checked, or line Box above is checked Note: If you checked Box A above but the basis reported to the IRS as adjustment in column to correct the bass. See Column to in the sec For Paperwork Reduction Act Notice, see your tax return instructions reported to the IRS was incorrect, enter income the basis as reported to the IRS and See Column in the separate instructions for how to figure the amount of the Cat No. 37 Form 8949 2018 12A Po 2 Ache Before you check Box D, E or below. see whether you received an 1000-B or substitute statement from your broer. A subst.de statement we have the same information as Form w Bee whether you are any Form broker and may even tell you which box o - Emershow whether your assury your cong was reported to the RS by your BE Part II Long-Term. Transactions invon Long-Term. Transactions involving capital assets you held more than 1 year are genera y long-tempo action Fototerm tractions, se page Note: You may aggregate all long-term transactions reported on Formis) 1099-B showing basis was reported 18 and for which no adjustments or codes are required. Enter the totais directly on schedule D line you aren't required to report these transactions on Form 8949 (seo instructions You must check Box D, E, or F below. Check only one box more than one box applies for your long-term transactions.com a separate Form 8949, page 2. for each aplicable box If you have more long-term transactions than will it on this page for one or more of the boxes, complete as many forms with the same box checked as you need Long-term transactions reported on Forms 1099-B showing basis was reported to the IRS ( Note above Long-term transactions reported on Formis) 1000-8 showing basis wasn't reported to the IRS D F) Long-term transactions not reported to you on Form 1099-B Correa Podem se the separate dedos cer sem ample 10 h XYZ cas ructions et 2 Totals. Add the amounts in columns id, lol, and subtract negative amounts Enter each total here and include on your Schedule D. line of Box D above is checked in for E above is checked. line 10 Box Fabove is checked NoteIf you checked Box D above but the basis reported to the IRS was incorrect, enter in column in the basis dustment in column to correct the basis. See Coum w in the separate instructions for how to four them , and enter Form 8949 0010 O No. 15450074 SCHEDULED For 1040 or 1040- 2019 Capital Gains and Losses Attach to Form 104, 1040-SR or 1040-NR. do to www.in.cow Shedule for intructions and the latest information. Une Fem 1940 to list your transactions for lines 16. 2. , , . and 10 e 12 bar Your e Did you dispose of any investment in a quand op Yes No M" Ye a rly investments in a qualified opportunity fund during the tax year? Form 949 and s t ructions for additional requireme natructions for additional requirements for reporting your gain or loss. Pants Short-Term Capital Gains and Las Generally Assets Held One Year or Less (see instructions) N or po See instructions for how to figure the amounts to enter on the lines below gan This form may be easier to complete If you round off cents to price whole dollars 1a Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see Instructions) However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b . 1b Totals for all transactions reported on Form ) 8949 with Box A checked . . . 2 Totals for all transactions reported on Form ) 8049 with Box B checked . 3 Totals for all transactions reported on Form(s) 8940 with Box G checked 4 Short-term gain from Form 6252 and short-term gain or dos) from Forms 4684, 6781, and 8824 . . 5 Net short-term gain or loss) from partnerships Scorporations, estates, and trusts from Scheduled) K-1 6 Short-term capital loss carryover, Enter the amount, if any, from line 8 of your Capital Loss Carryover Worksheet in the instructions - 7 Net short-term capital gain or loss). Combine lines ta through 6 in column . If you have any long- term capital gains or losses, go to Part Il below. Otherwise, go to Part on the back Part II Long-Term Capital Gains and Losses-Generally Assets Held More Than One Year (see instructions) See instructions for how to figure the amounts to enter on the ines below. Scotro column to gain or loss from from column l and This form may be easier to complete if you round off cents to ales prie for other basi whole dollars. with column Ba Totals for all long-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see Instructions) However, you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b 8b Totals for all transactions reported on Form(s) 8949 with Box D checked . 9 Totals for al transactions reported on Forms) 8949 with Box E checked . . . 10 Totals for all transactions reported on Forms) 8949 with Box F checked.. 11 Gain from Form 4797 Part : long-term gain from Forms 2439 and 6252; and long-term gain or doss from Forms 4684, 6781, and 8824 . . . 12 Not long-term gain or loss) from partnerships, S corporations, estates, and trusts from Schedules) K-1 12 13 Capital gain distributions. See the instructions 14 Long-term capital loss carryover. Enter the amount, if any, from line 13 of your Capital Loss Carryover Worksheet in the instructions . . . . . . . . . . . 15 Nat long-term capital gain or loss). Combine lines Ba through 14 in column (). Then go to Partille the back. . . . For Paperwork Reduction Act Notice, see your tax return instructions Cat No. 11338H 13 15 Schedule Form 1040 1040-9 2010 Sehen Part 1000 100 Summary 16 Combine lines 7 and 15 and on the result If line 16 is a gain, enter the amount om line 16 on Form 1040 1040-NR. Ine 14. Then go to ne 17 below anter the amount from line 16 on Form 1040 or 1040-SA line 8; of Form loss, skip lines 17 through 20 below. Then go to line 21. Also be sure to complete 1040 or 1040-SR, line line 16 is zero, skip lines 17 through 21 below and enter 0-on Form 6; or Form 1040-NR line 14. Then go to line 22 Are Ines 15 and 16 both gains? Yes. Go to line 18 No. Skip lines 18 through 21, and go to line 22. 18 If you are required to complete the 20% Rate Gain Worksheet (see Instructions), enter the . . amountary, from ine 7 of that worksheet . . - - - 18 19 If you are required to complete the Unrecaptured Section 1250 Gain Worksheet (see instructions), enter the amount, if any, tror ine 18 of that worksheet - - - - 20 Aro lines 18 and 19 both zero or blank? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 12a for in the instructions for Form 1040-NR line 42). Don't complete lines 21 and 22 below. No. Complete the Schedule D Tax Worksheet in the instructions. Don't complete lines 21 and 22 below. 21 I line 16 is a loss, enter here and on Form 1040 or 1040-SR, line 6; or Form 1040-NR, line 14 the smaller of: The loss on line 16; or $3,000). or if married filing separately, ($1,500) Note: When figuring which amount is smaller, treat both amounts as positive numbers. 22 Do you have qualified dividends on Form 1040 or 1040-SR, line 3a; or Form 1040-NR, line 10? Yes. Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Forms 1040 and 1040-SR, line 12a (or in the instructions for Form 1040-NR line 42) No. Complete the rest of Form 1040, 1040-SR, or 1040-NR. Schedule Form 1040 or 1040-1 2019
