A qualified taxpayer may claim a non-refundable credit for the short-term and long-term capital gains that meet certain criteria. Form 8949 is used to report the sale or exchange of capital assets, such as stocks, real estate, or cryptocurrencies to the IRS.In addition to regulating the securities industry and enforcing Utah's securities laws, the Division has a mandate to help protect and educate Utah's investors. You may owe capital gains taxes if you sold stocks, real estate or other investments. Yes, Utah income must be reported on the return. You will pay any tax due. The Utah state capital gains tax is simple to calculate. The basis of stocks or bonds you own generally is the purchase price plus the costs of purchase, such as commissions and recording or transfer fees. Carta's platform of software and services helps people manage equity, build businesses, and invest in the companies of tomorrow. Federal Capital Gains Tax.