What’s New

New boxes G, H, and I for short-term digital asset transac- tions. Use box G, H, or I to report short-term digital asset transactions. Do not use box C to report short-term digital asset transactions. Boxes G, H, and I will apply to Part I of Form 8949.

New boxes J, K, and L for long-term digital asset transac- tions. Use box J, K, or L to report long-term digital asset transactions. Do not use box F to report long-term digital asset transactions. Boxes J, K, and L will apply to Part II of Form 8949.

Election to pay tax on farmland sale or exchange in install- ments. If you sold or exchanged farmland to a qualified farmer after July 4, 2025, you can elect to pay the net income tax liability on the sale or exchange in four equal installments. For more information, see the instructions for Schedule 2 (Form 1040) and Schedule 3 (Form 1040). Also see Form 1062 and its instructions.