Taxes and Investments

It’s that time of year again – tax time. If you sold any investments in 2019, then you will need to report your gain or loss to the IRS.

In addition to calculating your gain or loss on an investment, you will also need to report these gains/losses as short term gains or long term gains.

If you held the investment for eighteen months or more, you will need to report the gain/loss as a long-term gain/loss. If you held the investment for less than eighteen months then you will need to report the gain/loss as a short-term gain/loss.

Sound complicated?

Well, EquityStat can help you out.

You can use EquityStat to generate an IRS Form 8949. EquityStat will automatically calculate your gain or loss on an investment, as well as figure out if the gain or loss is a short-term gain or a long-term gain.

Equity will then print out these calculations to IRS Form 8949. You can then give this form to your tax preparer when you are preparing your taxes.

To generate IRS Form 8949, click the Tools menu and then choose the Generate Form 8949 menuitem.


Sample Form 8949


EquityStat will then generate a PDF of Form 8949 with all needed information that the IRS requires.  You can then give this form to your tax preparer when you are preparing your taxes.