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JimB9
New Member

Forms to submit with schedule D

Hi everyone, I can use the communities help. I received a letter from the IRS asking me to submit a Schedule D and all supporting forms. I prepared my return through Turbo Tax and the line in question (7) has a check mark indicating that a schedule D is not required. I have found schedule D in Turbo Tax which is completed but am not sure if there are other forms that I need to submit, as there is mention of 8949 but none of the entries required for the 8949 are relevant to my taxes. Any assistance/guidance is greatly appreciated. 

4 Replies

Forms to submit with schedule D

If you reported a sale of assets or form 1099-B TurboTax would have completed form 8949 and Sch D. Include both with your reply to the IRS. 

Forms to submit with schedule D

@JimB9 

 

The checkmark happens when you get a 1099-Div with an amount in Box 2a,

and nothing else to report on Schedule D.

 

You can get Schedule D in fillable PDF format for manual preparation.

Put the amount you see on 1040  Line 7 on Schedule D lines 13,15,16. 

Or, Print the Schedule D from TurboTax if it is filled out.

Schedule D lines 1a and 8a do not require Form 8949.

Give that Schedule D to IRS and they should be satisfied.

Forms to submit with schedule D

The IRS should not be requesting Schedule D/8949 if 

You don’t have to file Form 8949 or Schedule D if you aren’t deferring any capital gain by investing in a qualified opportunity zone fund and both of the following apply.
1. You have no capital losses, and your only capital gains are capital gain distributions from Form(s) 1099-DIV, box 2a (or substitute statements); and
2. None of the Form(s) 1099-DIV (or substitute statements) have an amount in box 2b (unrecaptured section 1250 gain), box 2c (section 1202 gain), or box 2d (collectibles (28%) gain).

 

sometimes the IRS doesn't know its own rules. 

do not ignore the notice. respond appropriately like I only had capital gain distributions for which schedule D is not required by your own rules. Don't know all versions of Turbotax but if you only had capital gain dividends there shouldn't be a schedule D in your return. if there is and there are amounts on any line 1 through 14 except 13, there is something wrong because amounts on those other lines would indicate that Schedule D needed to be filed. 

 

JimB9
New Member

Forms to submit with schedule D

Thank you everyone for your feedback all of your input was helpful! 

 

As Fanfare suggested I do have a 1099-Div with an amount in box2a and nothing else to report on the schedule D. I will be completing the schedule D as suggested and forwarding this to the IRS.

 

@Mike9241 

I suspect that this is a case where the IRS "Doesn't know it's own rules" as my return met both criteria that you laid out. 

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