Sending form 8453 after a wash sale

[carlcam]

Hi,

I received a 1099-B with a wash sale of $0.16. TT is asking me to mail paper form 8453 and a paper copy of the 1099-B to the IRS.

1- Is there a way to skip sending this information to the IRS?

2- Even for a wash sale of $0.16, do they still require me to send them this information even though it is almost 0?

3- Do I need to send all 1099-B (from different accounts) or only the one with the wash sale?

4- Is the 1099-B sufficient or do I have to send Form 8949 too?

[DavidD66]

All amounts are rounded to the nearest dollar when reported to the IRS.  The $0.16 adjustment will be transmitted as 0.00.  The problem is, TurboTax is going indicate that you will be sending Form 8453.  If you don't, they almost certainly will never follow up.  It serves no real purpose, but I would go ahead and mail it.  Only include the 1099-B that has the Wash Sale.  You do not need to send the Form 8949.

[Mike9241]

would rounding the sales price and cost to whole $ eliminate the wash sale. I would try that first.

whether you need to send the 1099-B depends on how your other transactions were entered. if summary totals for each type A,B,C,D,E,F then yes the IRS wants the 8453 and the 1099-B.

if each trade was enter separately on the 8949 including the wash sale, Turbotax is misinforming you. since you have provided the details of the trades, the iRS does not want the 1099-B or 8453. 

otherwise, your other option is to just skip mailing the 8453 and 8949.