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Turbo tax told me after I filed my taxes that I need to send IRS form 8949 by mail once my return was "accepted". I have way too many stock trades to enter!
I was told by a tax expert over the phone from turbo tax that since I was using the online version of turbo tax and couldn't upload all my trades from E-trade that it was okay to just post all my trades as one large transaction. Easy peezy right? Well he failed to inform me that once I filed my taxes I would be told to fill out form 8949 and mail it to the IRS. This form wants you to list every stock transaction. I told him I had a ton of stock sales in 2017 and he never once mentioned having to send in form 8949. I read online that you can send in form 1099 from your broker in place of this, but it is 2479 pages long! Turbo tax really screwed me on this one. I dont even know what to do at this point. Please Help
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‎June 6, 2019
7:21 AM