My stock transactions upload failed (too many transactions) so I had to report everything using aggregation within each box type (A, B, C, or D). I literally just e-filed last night, and I'm supposed to mail in to the IRS directly the brokerage 1099-B statements.
However, I just received an email today from TT saying that they fixed this bug and you can now upload up to 10,000 stock transactions. Since I just e-filed my return last night, is it too late to go back? Should I just continue following the original instructions to send in by mail to the IRS the brokerage statements, or is it worthwhile to attempt to go back and "fix" or "redo" my return to avoid having to send the additional paper in to the IRS?
Thanks!
Once the return is submitted it is too late to make any changes to it. It's just like dropping it into a mailbox. You should continue to do what TT told you to do and mail in a copy of the 1099-B to the IRS.
Wait. If your tax return gets rejected by the IRS, you can e-file the one with the imported info.
If your tax return gets accepted by the IRS, you'll have to continue following the original instructions, to send in by mail, to the IRS, the brokerage statements.
Additional information: How do I mail Form 8453?
Edited 4-5-2023|3:15 PM PST]
Regarding stock and options, for Box A and Box D, only wash sales or other adjusted transactions have to be itemized on Form 8949.
therefore, only print out pages showing wash sales, that's all you have to mail.
if you summarized other boxes, there is no detail reporting exception for those boxes.
Thanks. It’s actually easiest for me to just send in the entire 1099-B brokerage statements with form 8453 rather than trying to pull out specific pages or manually entering additional info onto my already filed form 8949. That’s acceptable, right?
Yes, you can send in the entire portion of the brokerage statement that lists the investment sales. @Denbirdies71