Okay, I have just filed my tax return, and I am immediately caught off guard after a brief moment of relief of finally knocking my taxes out of the way for the year...to now have to mail in Form 8453 along with Form 8949.
Here’s what really irks me, TurboTax doesn’t provide any further guidance on how to proceed from here.
Even more bizarre is that the PDF file that TurboTax requested me to download, print, and mail to the IRS also contains Form 8822 for changing address, which is completely irrelevant, stirring even more confusion of why would there be a Form 8822 needed to go along with Form 8453 and Form 8949.
So, here are my questions:
1.) Do I really need to print and mail the irrelevant Form 8822 (“Change of Address”), which I don’t need to change my address?
2.) Do I need to print and mail BOTH, Form 8453 and Form 8949? Can I just print and mail either one and will be good?
3.) Now, here’s the biggest question confusion: do I really need send documentations for the items in 8949? It doesn’t say so, but I’m going to assume we have to send documentations? If so, that leads to my next question.
4.) Can I just print and mail the beginning portion of the brokerage’s “1099 Composite Summary” and/or some sections for each indvidual1099-B (e.g., “Short-Term Realized Gain/Loss,” “Long-Term Realized Gain/Loss,” and “Total Realized Gain/Loss) from that full 1099 Composite?
5.) Or, do I really need to print out the ENTIRE brokerage’s “1099 Composite” of every little transactions that is 300+ pages long? Not to mention, if we have five brokerages, that would create 1,500+ pages to print and mail.
