I was so surprised that I was required to send Form 8453 and 8949. I was wondering if I had listed the sales individually with cost basis and not done the summary, would I still need Form 8453 and 8949. If this is true, too bad TT did not worn users that the summary method will trigger Form 8453 and 8949. LONG-TERM TRANSACTIONS FOR WHICH BASIS IS AVAILABLE BUT NOT REPORTED TO THE IRS - Report on Form 8949, Part II, with Box E checked.
Thanks for any thoughts on this subject.
