To start, click on "BEGIN" beside "Schedule D/Form 8949".
Entering Capital Gains
Kayla Cobb
Updated: Jul 09, 2025
Description
Click through a step-by-step, interactive demo walkthrough of Cloudtaxoffice, powered by Supademo.
Steps
1
To start, click on "BEGIN" beside "Schedule D/Form 8949".
2
Then, click on "BEGIN" beside the type of capital gains you need to include. The most common will be the first option.
3
Enter the Description of Property or Payer Name if using capital gain summaries for long term/short term.
4
Enter the date purchased. If you are using a summary and the date is not available, click "Alternate Option".
5
Click on the element.
6
Enter the date sold.
If using a summary, put the last date of the tax year.
(Ex: 12/31/2024)
7
Enter the sales price found on the 1099-B.
8
Select "Cost Basis Type". Whether it was or was not reported to the IRS.
9
Enter the cost basis found on the 1099B.
10
If there is a "Wash" found on the 1099B, you will enter that amount here and select the explanation.
11
Click on "Continue".
12
As the last step, confirm the amounts match what was found on the 1099B and that the total gain/loss is accurate. Then click "Continue".