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?

962

Alumni

Jun 7, 2019 3:20:16 PM

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

Level 15

Jun 7, 2019 3:20:19 PM

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.

Not applicable

Jun 7, 2019 3:20:21 PM

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 15

Jun 7, 2019 3:20:22 PM

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

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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)