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dude-na
New Member

I cannot find form 8949 part 1 in turbo tax. Where is it? How do I get to it? Please give me a precise an answer as possible, because I have looked everywhere.

I have a form from Robinhood Crypto LLC, and it says i need to report the info on form 8949, Part 1, but I cannot find the area to enter it. I have everything done except this step. The other Robinhood securities info was imported automatically, but I was not given the option for the Crypto currency. The amount is quite small, and an actual loss, but I want to report it here, because it says the info has been sent to the IRS. Please tell me EXACTLY where to go in turbo tax to enter this info. Thanks so much

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7 Replies
maglib
Level 10

I cannot find form 8949 part 1 in turbo tax. Where is it? How do I get to it? Please give me a precise an answer as possible, because I have looked everywhere.

To go to forms mode using home & Biz windows, go to top and choose VIEW, a pulldown menu will come down and choose FORMS,   If the form is not listed, you didn't report the capital gains yet.  If you want to just see the form, on the top, there is a OPEN FORMS, select that, start typing "8949", the option will then populate and click it to open...

https://ttlc.intuit.com/replies/3300671

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I cannot find form 8949 part 1 in turbo tax. Where is it? How do I get to it? Please give me a precise an answer as possible, because I have looked everywhere.

After I pull my Robinhood Crypto, its shows it as Robinhood - short-term on my form 8949 where I have BOX (C) (Short-term transactions not reported to you on Form 1099-B) checked. How do I mail IRS the detailed transaction list of stocks traded on Robinhood Crypto? We would need a detailed report of 8949 to be generated for Robinhood crypto that should be mailed in right?
maglib
Level 10

I cannot find form 8949 part 1 in turbo tax. Where is it? How do I get to it? Please give me a precise an answer as possible, because I have looked everywhere.

If you reported individual transaction they are all sent to the IRS within 8949.  If you did it summarily, you must send the detailed transactions to the IRS in IRS form 8453.
When you use the summary method, TurboTax only produces a Form 8949 with the summary totals that you entered, not the individual transactions, so the Form 8949 that is included in your return is NOT sufficient for this purpose.  (Though, you can include it with the mailing as a reference)

You need to use Form 8453 to mail the brokerage statements that show the details of your transactions.  Statements should include the following items for each transaction (these are usually reported on your Form 1099-Bs):  
Description
Date acquired,
Date sold,
Sales price,
Cost basis,
Gain or loss for each sale,
Sale category based on how the sale was reported to you and the IRS, and
In some cases, there will be an adjustment code and adjustment amount.

NOTE: As discussed above, any sales summaries that include only Box A or Box D sales, and which have no adjustments to gain/loss, do not need to be included on a statement mailed to the IRS.

If you are e-filing your tax return, then mail your statements along with Form 8453 to:

Internal Revenue Service
Attn: Shipping and Receiving, 0254
Receipt and Control Branch
Austin, TX 73344-0254
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer"
I am NOT an expert and you should confirm with a tax expert.

I cannot find form 8949 part 1 in turbo tax. Where is it? How do I get to it? Please give me a precise an answer as possible, because I have looked everywhere.

Yes, but my question is Robinhood crypto generates summary level form 8949 with the totals. How do we generate a detailed level 8949 for robinhood crypto to mail it separately?
maglib
Level 10

I cannot find form 8949 part 1 in turbo tax. Where is it? How do I get to it? Please give me a precise an answer as possible, because I have looked everywhere.

@rohith.reddy.v  you send the robinhood data directly as support.    The 8949, if you enter into TT, the details to all the transactions actually is sent to the IRS. Note in the 8949 (copy 1) there is a pull down bar to see next pages.
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer"
I am NOT an expert and you should confirm with a tax expert.
SPM1
New Member

I cannot find form 8949 part 1 in turbo tax. Where is it? How do I get to it? Please give me a precise an answer as possible, because I have looked everywhere.

Where do I enter my crypto currency losses from Coinbase.com

 

SPM1
New Member

I cannot find form 8949 part 1 in turbo tax. Where is it? How do I get to it? Please give me a precise an answer as possible, because I have looked everywhere.

I have 1099Q from Michigan state But I moved to Georgia 2 years ago. How do I handle this?

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