Investors & landlords

Thanks for the reply @GeorgeM777 

 

I had already filed my taxes, and I had thousands of transactions. I'm just now reviewing things based on my readings, to make sure I fully understood things (for next year!)

Interesting how Turbotax now can support 10,000 transactions. I'm trying to make sure I understand things so I don't have to mail in anything that has lists of lots and lots of transactions. (I apparently didn't have to mail any thing in this year, efile'd, and I did I have wash sales. ...so I'm trying to see why Turbotax apparently didn't tell me I had to mail in anything (Form 8949)

In looking at my brokerage 1099-B, I see there is a separate breakout for Wash Sale Loss (1g)

so when the IRS says I don't have to report (individually) transactions that don't have a 1g entry, they're saying I do have to report those with a 1g..i.e. wash sales.

from IRS, saying which transactions don't have to be reported (one of the cases)

  • You received a Form 1099-B (or substitute statement) that shows basis was reported to the IRS and doesn't show any adjustments in box 1f or 1g.

So the upshot from all this, is that it sounds like maybe Turbotax is doing the right thing..i.e. just listing wash sale adjusted transactions on the Form 8949.