IRS Form 8949

IRS Form 8949 ("Sales and Other Dispositions of Capital Assets") is where U.S. taxpayers report every crypto sale, trade, and disposition for the tax year. Each transaction needs the asset description, acquisition date, sale date, cost basis, sale proceeds, and gain or loss. Totals flow to Schedule D on Form 1040.

Form 8949 entries can run hundreds or thousands of lines for active traders. Starting tax year 2025, brokers issue 1099-DA forms that pre-populate much of this for you.

Why it matters for Milo customers

Milo borrowers minimize Form 8949 entries by not selling crypto. A crypto-backed mortgage or loan isn't a taxable disposition — no Form 8949 line, no realized gain to report. This simplifies tax filing and avoids triggering audit-attention thresholds that thousands of crypto transactions can create.

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