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Investors & landlords
Agreed. If cost basis on your 1099-B has been adjusted to reflect wash sales then you can use your 1099-B as is and import, or manually enter, the information contained therein.
Whether a Schedule D is all that is needed, or whether a Form 8949 is also required, will depend on whether the transactions being reported had cost basis reported to the IRS. If cost basis has been reported to the IRS, whether the transaction was short-term or long-term, then Schedule D is all that is required. TurboTax will not separately prepare Form 8949 if cost basis has already been reported to the IRS.
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‎April 14, 2022
9:11 AM