The IRS released Form 8949 and Instructions for Form 8949 for taxpayers to report the sale or exchange of capital assets and the election to defer the capital gain, in whole or in part, under the Opportunity Zone program.
Form 8949 provides taxpayers with a clearer understanding of the proposed Opportunity Zone regulations and how to report the election to defer both short-term and long-term capital gains.
View Instructions for Form 8949.
