How do I go about filing form 8949 if I have over 10000 financial transactions? Printing the form would be more than 500 pages.

[DaveF1006]

It depends. You can enter summary transactions, grouped by sales category, for example, "Box A short-term covered" or "Box D long-term covered." You'll enter the summary info instead of each individual transaction.

1. Open or continue your return (if it's not already open) and search for stock sales.
2. Select the Jump to link in the search results.
3. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?.
   • If you land on Your investment sales summary, select Add more sales. 
4. On the OK, what type of investments did you sell? screen, select Stocks, Bonds, Mutual Funds, then Continue.
5. When asked how you want to enter your 1099-B, select I'll type it myself.
6. Answer the questions until you can select Enter sales section totals rather than entering sales one at a time.
7. You'll now be able to enter the total proceeds (sales) and cost basis, along with the sales category. Refer to your 1099-B for the amounts and category. When finished, select Continue.

[hopes2120]

@DaveF1006 

Thank you, but my question is not that, my question is: What is done in his scenario where he had over 500 to 800+ pages in transactions with and without adjustments (which were entered as summary as you described). Since the summary format was selected, one has to mail all 500 to 800+ pages with the 8453? 

In that sense, what in specific has to be mailed?:

   - All pages of 1099B (which was sent to the IRS by the broker)?

Thank you in advance. 

[DaveF1006]

Yes, the entire 1099-B would need to be mailed to the IRS when a summary transaction is entered.  You may need a big box.

[playkewl]

My 8949 (Form 1099-B) form is over 240 pages. Should I print it out and send the entire document?

I entered the totals of all reported transactions in Schedule D Part 1b (d) and (e).  Since the number of transactions crossed the max limit, Turbo tax could not automatically import from my Fidelity account. 

[fanfare]

Once again the so-called "experts" are giving misinformation.

At tax time, you have the option to summarize your activity by Sales Category.

As an active investor, be aware that your category Box A or Box D sales without adjustments do not require Form 8949, so there is no reason to import or key in those transactions.
Instead use the "enter a summary" option to put your numbers on Schedule D Line 1a or Line 8a.

Category A and D are the covered transactions.

If you summarize (recommended),

you only need to supply details of 1099-B covered transactions with adjustments that are not listed on your e-Filed Form 8949. and all non-covered transactions not listed there.

In other words, for active investors, generally this is a list of the Wash Sales.

Note: turboTax may suppress some covered transactions without adjustments. For those, no mailing is required !
--
If you have two pages (for example) of Wash Sales,
use Adobe Reader to print those two pages. That's all you have to mail to the IRS, given that those wash sales are not on your e-Filed form 8949 already.
(you might enter them manually if they are few in number.)

If you were wise enough to avoid wash sales, you won't have to list or mail anything.

[Arbor2021]

I'm still not clear on this exact topic- can anyone please help?

I had some sales whose cost basis was not pulled through my etrade account so I had to enter them manually. Those are now the pages that I think are forcing me to mail form 8453 plus accompanying 8949 pages.

I have 200 pages that make up the 8949 portion of my tax return. ALL of the pages (except for 3) are marked: (A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above).

Am I required to mail all 200 pages, or can I mail ONLY the 3 pages that were either marked B (basis was not reported to the IRS) or E?

[marvin5679]

I have about 400 transactions but there is a limit on how  many will print out on form 8949.

i am aware I can file summary totals and then mail a full 8949 with coverform 8453 after filing.

BUT I want to avoid mailing anything.

Earlier versions of turbotax premier allowed me to submit the entire 8949.  Why did turbotax decide to limit printout in the 2022 version

[fanfare]

Regarding stock and options, for Box A and Box D, only wash sales have to be itemized on Form 8949.

The other transactions without adjustments can be aggregated. Report the sub-totals of cost and proceeds for those transactions on Schedule D Line 1a or Line 8a respectively.

If you have no wash sales, there will be no form 8949, No attachment is necessary. No mailing is necessary.

If you provide all  details of all wash sales on your e-Filed return, no mailing is necessary.

@marvin5679