If you are being prompted to mail further statements, Form 8453 says to attach Form 8949, Sales and Other Dispositions of Capital Assets (or a statement with the same information), if you elect not to report your transactions electronically on Form 8949.
When you use the summary method, TurboTax only produces a Form 8949 with the summary totals that you entered, not the individual transactions, so the Form 8949 that is included in your return is NOT sufficient for this purpose. (Though, you can include it with the mailing)
You need to use Form 8453 to mail the brokerage (or other) statements that show the details of your transactions. Statements should include the following items for each transaction (these are usually reported on your Form 1099-Bs:(
- Description
- Date acquired,
- Date sold,
- Sales price,
- Cost basis,
- Gain or loss for each sale,
- Sale category based on how the sale was reported to you and the IRS, and
- In some cases, there will be an adjustment code and adjustment amount.
If you received a request to submit Form 8453 (U.S. Individual Income Tax Transmittal for an IRS e-file Return), you need to mail some forms to the IRS that can't be e-filed.
TurboTax creates Form 8453 for you, and it serves as a cover page for your additional documentation.
Mail Form 8453 to the IRS within three business days after you’ve received your acknowledgment that the IRS has accepted your return to this address:
Internal Revenue Service
Attn: Shipping and Receiving, 0254
Receipt and Control Branch
Austin, TX 73344-0254
Please review the link below for more information:
Form 8453
@TrishMarie
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