Understanding Your IRS Form 1099-B - USAA

1(A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above)(B) Short-term transactions reported on Form(s) 1099-B showing basis was not reported to the IRS(C) Short-term transactions not reported to you on Form 1099-BAdjustment, if any, to gain or loss.(e) If you enter an amount in column (g), (h)(c)(d) Cost or other basis. enter a code in column (f). Gain or (loss).(a)(b)Date sold or Proceeds See the Note below See the separate instructions. Subtract column (e)Description of property Date acquireddisposed (sales price) and see Column (e)from column (d) and(Example: 100 sh. XYZ Co.) (Mo., day, yr.)(Mo., day, yr.) (see instructions) in the separate (f)(g) combine the resultinstructions Code(s) fromOnce you have completed IRS Form 8949, the column totals are then entered onto a Schedule Amount D of which with is column where (g)instructions adjustmentIRS Form 8949 (con’t.)you will find your net gain or loss information.Form 8949Department of the TreasuryInternal Revenue ServiceName(s) shown on returnSales and Other Dispositions of Capital Assets▶ Information about Form 8949 and its separate instructions is at www.irs.gov/form8949.▶ File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D.OMB No. 1545-00742013AttachmentSequence No. 12ASocial security number or taxpayer identification numberMost brokers issue their own substitute statement instead of using Form 1099-B. They also may provide basis information (usually your cost) to you onthe statement even if it is not reported to the IRS. Before you check Box A, B, or C below, determine whether you received any statement(s) and, if so,the transactions for which basis was reported to the IRS. Brokers are required to report basis to the IRS for most stock you bought in 2011 or later.Part I Short-Term. Transactions involving capital assets you held one year or less are short term. For long-termtransactions, see page 2.Note. You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis wasreported to the IRS and for which no adjustments or codes are required. Enter the total directly onSchedule D, line 1a; you are not 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,complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this pagefor 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(s) 1099-B showing basis was reported to the IRS (see Note above)(B) Short-term transactions reported on Form(s) 1099-B showing basis was not reported to the IRS(C) Short-term transactions not reported to you on Form 1099-B1(a)Description of property(Example: 100 sh. XYZ Co.)(b)Date acquired(Mo., day, yr.)(c)Date sold ordisposed(Mo., day, yr.)(d)Proceeds(sales price)(see instructions)(e)Cost or other basis.See the Note belowand see Column (e)in the separateinstructionsAdjustment, if any, to gain or loss.If you enter an amount in column (g),enter a code in column (f).See the separate instructions.(f)Code(s) frominstructions(g)Amount ofadjustment(h)Gain or (loss).Subtract column (e)from column (d) andcombine the resultwith column (g)2 Totals. Add the amounts in columns (d), (e), (g), and (h) (subtractnegative amounts). Enter each total here and include on yourSchedule D, line 1b (if Box A above is checked), line 2 (if Box Babove is checked), or line 3 (if Box C above is checked) ▶Note. If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter anadjustment in column (g) to correct the basis. See Column (g) in the separate instructions for how to figure the amount of the adjustment.For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 37768Z Form 8949 (2013)SCHEDULE D(Form SCHEDULE 1040) D(Form 1040)Department of the TreasuryInternal Department Revenue of the Service Treasury (99)Internal Revenue Service (99)Name(s) shown on returnName(s) shown on returnCapital Gains and LossesCapital Gains and LossesOMB No. 1545-0074OMB No. 1545-00742013 2013 Attach to Form 1040 or Form 1040NR. Information about Schedule Attach D and to its Form separate 1040 or instructions Form 1040NR. is at www.irs.gov/scheduled. Attachment Information Use about Form Schedule 8949 to list D and your its transactions separate instructions for lines 1b, is 2, at 3, www.irs.gov/scheduled.8b, 9, and 10.Sequence Attachment No. 12 Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10.Sequence No. 12Your social security numberYour social security numberPart I Short-Term Capital Gains and Losses—Assets Held One Year or LessPart I Short-Term Capital Gains and Losses—Assets Held One Year or LessSee instructions for how to figure the amounts to enter on thelines See instructions below. for how to figure the amounts to enter on the(d)(e)lines below.Proceeds (d)Cost (e)This form may be easier to complete if you round off cents to (sales Proceeds price) (or other Cost basis)whole This form dollars. may be easier to complete if you round off cents to (sales price) (or other basis)whole dollars.1a Totals for all short-term transactions reported on Form1a 1099-B Totals for for all which short-term basis was transactions reported reported to the IRS on and Form forwhich 1099-B you for have which no basis adjustments was reported (see instructions).to the IRS and forHowever, which you if have you choose no adjustments to report (see all these instructions). transactionson However, Form 8949, if you leave choose this to line report blank all and these go transactionsto line 1b .on Form 8949, leave this line blank and go to line 1b .1b Totals for all transactions reported on Form(s) 8949 with1b Box Totals A for checked all transactions . . . reported . . . on . Form(s) . . . 8949 . . with .Box A checked . . . . . . . . . . . . .2 Totals for all transactions reported on Form(s) 8949 with2 Box Totals B for checked all transactions . . . reported . . . on . Form(s) . . . 8949 . . with .2 Totals. Box3 Totals Add Bfor the checkedall amounts transactions in . columns . . .reported (d),.(e),.(g),. on and .Form(s) (h) . (subtract . . . .8949 withnegative 3 amounts). Enter each total here and include on yourBox Totals C for checked all transactions . . . reported . . . on . Form(s) . . . 8949 . . with .Schedule D, line 1b (if Box A above is checked), line 2 (if Box BBox C checked . . . . . . . . . . . . .above is checked), or line 3 (if Box C above is checked) ▶(g)Adjustments (g)to gain Adjustments or loss fromForm(s) to gain 8949, or loss Part from I,Form(s) line 2, column 8949, Part (g) I,line 2, column (g)(h) Gain or (loss)Subtract (h) Gain column or (loss) (e)from Subtract column column (d) and (e)combine from column the result (d) and withcombine column the result (g) withcolumn (g)7