Wednesday, May 28, 2014
As I have previously discussed, 2012 tax changes introduced the necessity of filing a schedule D on a Form 1040 and new Form 8949 to report gains and losses of certain capital assets. Now, the IRS is asking for a Form 8949, titled “Sales and Other Dispositions of Capital Assets", to be filled out for sales for trusts and estates.
See Kathy Sherby & Stephanie Moll, Did You Know? Report Sale Transactions on Income Tax Returns of Trusts and Estates on New Form 8949, Bryan Cave, May 23, 2014.