Key takeaways The IRS allows you to deduct capital losses on a stock or other investments from your taxable income. You will have to file Form 8949 and a Schedule D to report any losses.

You'll likely receive the tax information about the sale of your home in a 1099-S form, and you'll report your ultimate gain -- with that $500,000/$250,000 exclusion -- on IRS Form 8949.

Some updates will apply to the 2025 tax year, including new broker reporting rules (Form 1099-DA) and an annual gift tax exclusion increase from $18,000 to $19,000 per recipient.

As of March 27, 2025, Form 1099-DA is set to become a pivotal tool for the 2025–2026 tax season, simplifying how cryptocurrency transactions are reported in the US.

3. CoinLedger CoinLedger is a leading crypto tax software designed to simplify tax reporting for U.S. investors. It integrates seamlessly with numerous exchanges and wallets, enabling automatic import ...

Form 8949, Sales and other Dispositions of Capital Assets Schedule D (Form 1040), Capital Gains and Losses Medora Lee is a money, markets, and personal finance reporter at USA TODAY.

It’s important to pay attention to this form not just for tax purposes, but for investing. The 1099-CAP can signify a change in organizational structure (thus a change in your investment) and ...