8c — Long-Term Totals From Form 8949, Box F Updated for tax year 2025

What this line means

The total long-term gains and losses from assets reported on Form 8949 with Box F checked — meaning you did not receive a 1099-B for these transactions at all. These are assets held more than one year sold in transactions where no broker reported the sale to the IRS.

Does this apply to you?

• You sold real estate (other than your primary residence excluded under Section 121) in a private transaction
• You sold cryptocurrency held more than a year through a decentralized exchange or private transaction
• You sold collectibles, artwork, or precious metals held more than one year without a broker involved
• You sold a business interest, patent, or other intangible asset in a private sale

Easy to overlook

Real estate sales without a 1099-S Not all real estate sales generate a 1099-S. Sales handled directly between buyer and seller, or certain sales of a primary residence, often do not. But the gain is still taxable. If you sold rental property or land at a profit and did not receive a 1099-S, you still report the gain here via Form 8949 Box F. ¹ [SOURCE: General filing pattern — unreported real estate sales]

Collectibles are taxed at a maximum 28% rate Gold, silver, coins, art, antiques, gems, and stamps held over one year are taxed at a maximum rate of 28% — not the usual 0%/15%/20% long-term capital gains rate. This is a ceiling, not a flat rate: if your marginal ordinary income rate is below 28%, you pay your ordinary rate on collectibles gains instead. The 28% cap only kicks in for filers in the 32% bracket and above. The 28% rate gain gets reported separately on line 19 of the summary section. ² [SOURCE: IRS Schedule D instructions — Line 8c]

Watch out for this

Not reporting the sale of a rental property because the title company did not issue a 1099-S. The IRS cross-references property records. If you owned a property, sold it, and did not report the sale, the omission is discoverable. Report the sale on Form 8949 with Box F and include the depreciation recapture on Form 4797.

Related lines on your return

• Line 8a — Schedule D — Long-term sales where the broker reported basis (Box D)
• Line 19 — Schedule D — 28-percent rate gain for collectibles
• Line 15 — Schedule D — Net long-term capital gain or loss