At Form8949.com, our aim is to help you minimize the time and expense of complying with the tax reporting requirements related to your stock trading activity.
Our app (1) retrieves data from Broker OFX servers, (2) processes broker TXF or CSV files that you download from the broker web site, and (3) processes spreadsheet files that you create.
We generate Schedule D and Forms 8949 in PDF format for attachment to your tax return. We also generate files you can deliver to your tax preparer for use in professional tax preparation software. Your data can also be imported directly into TurboTax, TaxAct, and other tax software.
"Form 8949 Statements"
IRS Form 8949 only has room for 14 transactions per page. If you have many hundreds of transactions, this will result in a lot of pages.
Our programs will generate both the official IRS Form 8949 and "Form 8949 Statements". These statements are acceptable to the IRS and hold 49 transactions per page, reducing the number of pages generated.
There is no extra change for this conversion service and you can use whichever edition you prefer for your tax filing.
TurboTax Online Solution
Do you use TurboTax Online? TurboTax desktop editions can import TXF files -- but the online edition cannot. TurboTax Online only imports from OFX servers. Does your broker supply TXF files but not host an OFX server?
It is our understanding the following brokers falls into this category:
We can help. Just submit your TXF file for conversion and we will host your data for import into TurboTax Online from our OFX server.
Excel Spreadsheet Conversion
We can convert your Excel spreadsheet (.xls) of realized gain and loss information to IRS Schedule D and Form 8949.
See the spreadsheet requirements page for more information including templates.
Tax Year 2017 App
Our online application is built using the Angular framework. This technology allows us to run on tablets and smart phones, as well as personal computers.
The app includes the following features:
Email us with requests for additional program features and improvements.
If your broker does not participate in the TaxAct electronic import program, we can help.
See TaxAct Import Steps for TaxAct Import details.
Do you use a Tax Professional?
Save your tax preparer time and save tax preparation fees.
New: If your Tax Professional uses Drake Software, the above email includes a link to a downloadable spreadsheet file that can be used to import data directly into the Drake program.
If your Tax Professional uses Intuit Lacerte, Intuit ProConnect, or Intuit ProSeries software, you can deliver the statements and data you generate at Form8949.com electronically to your tax preparer thru the "Intuit Link" and tax import features.
Active Traders Using TaxAct
If you have more than 2,000 transactions, use our site to generate Form 8949 Statements for attachment to your tax return.
See TaxAct Statement Attachment Steps for more information.
Active Traders Using TurboTax
Do you use TurboTax Online and have more than 500 transactions ? or more than 2,000 transactions and use TurboTax Desktop Editions ? We can help.
See our special solution for TurboTax users for more information.
Do you prepare your income tax return by hand?
For many taxpayers with simple returns, money can be saved by preparing Form 1040, Schedule A, and Schedule B by hand.
However, if you have more than a few brokerage transactions, it doesn't make sense to prepare Schedules D and Form 8949 by hand. For just $10, we can generate these schedules for you and save you the time and tedium of transcribing broker transaction data.