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Do I report Employee stock sales on form 8949 or Form 1099-B?

If I sold some employee stock shares through an online brokerage and taxes were taken out at the time of the sale, do I report this on Form 8949 or Form 1099-B? The brokerage should issue you a Form 1099-B showing the sale of the stock and the taxes withheld. Report this information on Form 8949.

What happens to subtotals from form 8949?

The subtotals from this form will then be carried over to Schedule D (Form 1040), where gain or loss will be calculated in aggregate. Information about Form 8949, Sales and other Dispositions of Capital Assets, including recent updates, related forms and instructions on how to file.

When should I complete form 8949?

Complete Form 8949 before you complete line 1b, 2, 3, 8b, 9, or 10 of Schedule D. Use Form 8949 to report sales and exchanges of capital assets. Form 8949 allows you and the IRS to reconcile amounts that were reported to you and the IRS on Forms 1099-B or 1099-S (or substitute statements) with the amounts you report on your return.

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