Printing all assets on Form 8949 in Lacerte

This article explains how to show all assets on Form 8949.

• The purpose of Form 8949 is to show gain or loss on a per-asset basis.
• Previously, asset information appeared on Schedule D-1.
• Based on IRS rules specific to dispositions on Schedule D, Form 8949 isn't always required. 

To generate all assets on Form 8949 for a specific client file

In the Individual module:

1. Go to Screen 17, Dispositions (Schedule D, 4797, etc.)
2. In the left navigation panel, under Disposition, click on the link Carryovers/Misc Info.
3. Place a 1 in Print all assets on form 8949: 1=yes, 2=no [O] under the Schedule D section.

In the Fiduciary module

1. Go to Screen 22, Dispositions (Schedule D, 4797, etc.)
2. In the left navigation panel, under Disposition, click on the link Carryovers/Misc Info.
3. Place a 1 in Print all assets on form 8949: 1=yes, 2=no [O] under the Schedule D section.

To generate all assets for all client files:

Commands must be set for each module independently.

1. Go to the Settings dropdown menu.
2. Select Options.
3. Select the Federal Tax Options tab.
4. Locate Report All Assets on Form 8949 and set this to Yes.