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Level 1

Form 8949 - TT is generating a Form 8949 for transactions not reported to the IRS. However, all of the transactions have been reported to the IRS (1099-B)

You

TT is generating a Form 8949 for transactions not reported to the IRS. However, all of the transactions have been reported to the IRS (1099-B) and I have checked that box in the interview section. How do I eliminate the Form 8949 and ensure these transactions show on Sched D as having been reported to the IRS?
5 Replies
Level 17

Form 8949 - TT is generating a Form 8949 for transactions not reported to the IRS. However, all of the transactions have been reported to the IRS (1099-B)

You still use the 8949 to report the transactions, even if the basis has already been reported to IRS.
Level 9

Form 8949 - TT is generating a Form 8949 for transactions not reported to the IRS. However, all of the transactions have been reported to the IRS (1099-B)

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Level 9

Form 8949 - TT is generating a Form 8949 for transactions not reported to the IRS. However, all of the transactions have been reported to the IRS (1099-B)

transactions not reported to IRS - category C or F

transactions with basis not reported to IRS - category B or E

Make sure your transaction entries are put into the correct Box Categories.

Level 10

Form 8949 - TT is generating a Form 8949 for transactions not reported to the IRS. However, all of the transactions have been reported to the IRS (1099-B)

this is what happens if you import from a brokerage.  TT has had this issue for years.  if you imported you need to delete the import  then use the 1099-B worksheet to enter the summary for the transactions with basis reported

Level 9

Form 8949 - TT is generating a Form 8949 for transactions not reported to the IRS. However, all of the transactions have been reported to the IRS (1099-B)

What? Use of the summary option is optional. If the transaction detail is imported (and is correct and complete) you're done.