IRS Form 8949 for Securities

The IRS Form 8949 for Securities report generates an IRS-ready report of realized capital gains and losses from securities transactions recorded in TradeLog for filing with your Schedule D.

TradeLog provides separate Form 8949 reports for Securities and Digital Assets. Digital asset transactions identified using the DCY-__ Type/Multiplier designation are excluded from this report and are reported separately using the Form 8949 for Digital Assets report.

Please note: All tax year reporting will show a DRAFT watermark until you have completed the End Tax Year process on the TradeLog file. Final tax reporting should always be generated after the End Tax Year process has been completed.

To better understand IRS Form 8949 reporting, see our online guide: The Comprehensive Guide to Schedule D and Form 8949.

Before Running the Report

• If you are generating the report for tax filing, click the All Trades button before running the report. This removes any data filtering and ensures that all applicable securities transactions for the current tax year are included.
• By default, the report includes realized gains and losses for the current tax year. You can change the Start and End dates to report a different period.

Running the IRS Form 8949 for Securities Report

For final tax reporting, the report should be run from the All Accounts tab when using a multi-account TradeLog file.

From the Reports menu, select Form 8949 for Securities.

Adjust the report settings as desired.

G&L Start and End Dates

The G&L Start and End dates default to January 1 through December 31 of the current tax year.

If you want to generate a report for a smaller period, such as a month or quarter, change the Start and End dates as needed.

Report Options

1. Summary Schedule D Instructions Page

Check this box if you would like TradeLog to include the Summary Schedule D Instructions Page.

This page provides totals from your TradeLog Form 8949 for Securities and helps you determine where those amounts are entered on Schedule D.

2. Form 8949 for Securities

Check this box to generate the Form 8949 for Securities.

3. Statement Explaining Differences and Adjustments Between Form 8949 and 1099-B

Check this box if you would like to include the Statement Explaining Differences and Adjustments Between Form 8949 and 1099-B. This option is only available when the Form 8949 report is selected.

Note: The checkbox There Are Other Errors On My 1099-B is available when the Statement Explaining Differences option is selected.

4. Run Rpt

Click Run Rpt to generate the Form 8949 report and any additional forms selected.

Reviewing the Report

The IRS Form 8949 for Securities report will display.

If selected, the Summary Schedule D Instructions Page will appear near the end of the report. It provides totals carried over from Form 8949 for Securities and identifies where those amounts are reported on Schedule D.

If selected, the Statement Explaining Differences and Adjustments Between Form 8949 and 1099-B will appear as the final page.

Important Information About Schedule D

The Schedule D totals shown on the Summary Schedule D Instructions Page represent only the securities transactions reported on your TradeLog Form 8949 for Securities.

If you also have digital asset transactions, you may need to combine these amounts with totals from your TradeLog Form 8949 for Digital Assets. You may also have other capital gains or losses from additional tax forms or sources that must be included when completing Schedule D.

Reporting Digital Assets

TradeLog provides a separate Form 8949 for Digital Assets report for transactions identified using the DCY-__ Type/Multiplier designation.

These transactions are excluded from the Form 8949 for Securities report. Likewise, securities transactions are excluded from the Digital Assets report.

If you have both securities and digital asset transactions, generate the appropriate Form 8949 report for each. The totals from both reports, along with any other applicable capital gains and losses, must be considered when completing your Schedule D.

For additional information about tax filing options, please refer to User Guide Step 8 – Filing Your Taxes.