Hello, thank you for the reply about the dollar rounding on Schedule D. I have a follow-up question:
I am going to print the TurboTax return and file by paper via mail. In my original question posted, I asked whether I needed to prepare the Form 8949, or include the 1099B broker statement with the tax return to mail. There are close to 100 short term and long term capital gain/loss transactions. On the 1099B, these transactions are in two groups: short term covered transactions-cost basis reported to IRS-Form 8949, Part I, (A); and long term covered transactions-cost basis reported to IRS-Form 8949, Part II, (D). There are no adjustments shown in column 1(f) and 1(g) on the 1099B, and I don't have any adjustments to put into column (f) and (g) on the Form 8949. The IRS instructions appear to indicate that if there are no adjustments on the 1099B, and if I don't need to make any adjustment to put into (f) and (g) on Form 8949, I can just put the group totals (short term for box A, and long term for box D), "proceed, cost basis, gain/loss" in Schedule D, Part I line 1(a) for the short term transactions, and in Part II line 8a for the long term transactions. And I do not need to file Form 8949, or I don't need to include the 1099B broker statement with the tax return. An Employee Tax Expert, ThomasM125, replied to me that, it is correct that I can just use Schedule D, and there is no need to file Form 8949, or to include the 1099B with the tax return. Your reply regarding my dollar rounding question appears to indicate that I need to include the 1099B broker statement with the tax return to mail? Please clarify. Thank you very much.
