IRS Tax Form 8949, Sales and other Dispositions of Capital Assets

Verified by ABBYY

The Form 8949, Sales and other Dispositions of Capital Assets skill extracts key data from IRS Form 8949 documents.

Form 8949 is an Internal Revenue Service (IRS) form used to report capital gains and losses from investments for tax filing. It reconciles the amounts reported to taxpayers and the IRS on Forms 1099-B, which brokerages send to their account holders annually.

The Form 8949 Skill has been trained on a smaller set of documents. All data fields are defined and labeled.

Customers can use this preview skill as a starting point for further training based on incoming reports, add new or adjust the extracted fields and business rules to their own requirements.

Benefits
  • Vantage document skills are extraction models, based on ABBYY's purpose-built AI, designed and trained to extract key data from business documents.
  • Preview Document Skills provide a quick-start basis for conducting proof of concept and automating document-centric processes, without wasting time to train a new skill from the ground up. In most preview skills the main data fields have been labeled and the skill has been trained on a small document set to provide a starting point for further training on customer side. Preview skills generally come at no additional cost, but consume page volume from the base Vantage Core Skills volume.
  • Includes validation and data normalization rules. Further business rules can be added as required.
  • Can be augmented by human-in-the-loop review and verification based on accuracy thresholds, missing or incorrect information.
  • Requires further training in order to ensure sufficient accuracy levels on customer-specific documents. Training can be done up-front or during runtime as documents arrive and go through manual verification.
Processes with this connector
Transfer data to other systems
Related skills
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Contributor:
ABBYY
Published:
2 April 2024
Last updated:
2 October 2024
Purchase terms
Free
Specifications
English
United States
Preview