You are correct in that if no adjustments are necessary, the Ordinary box in box 2 isn’t checked, and you are not electing to defer income due to an investment in a Qualified Opportunity Fund, and are not terminating deferral from an investment in a QOF, then a Form 8949 is not necessary. Generally, Form 8949 allows you and the IRS to reconcile amounts that were reported to you and the IRS on Forms 1099-B or 1099-S (or substitute statements) with the amounts you report on your return. While a Form 8949 may not be needed under the circumstances, there is no prohibition against preparing one in connection with a return that has the option to only report such transactions on Schedule D.
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