I like this approach, @axing . Other posts have indicated that you don’t have to file amended return to file form 8997, as no tax change occurs, implying that you just don’t file it and “wait” to see if IRS asks for it, though that seems hokey to me.
I am confused about the last part of your post that says if you file the TurboTax instructions then the tax calculation is wrong. TurboTax doesn’t have any instructions for 8997 or the “z” on 8949. Could you explain?
I’m planning to override TurboTax, add the required one line to 8949 and do the override to add the z and clear columns b and d. Then print the return, manually fill in an 8997 and mail it all in in. Not happy about the mail-in, as hard to tell that they got it or processed it.
Definitely looking for an update from you on the success of your approach.
