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TodS
Level 2

1099-B detailed vs Summary and Form 8453

I have seen the instructions for mailing the Form 8453 within three days of hearing that the e-filed return was accepted.  Assuming that information is sent in a timely manner, is there any expectation that a tax refund would be returned to me more quickly if I go the detailed route rather than the summary route?  Stated another way, will going the summary and Form 8453 route delay me getting my refund?  Any thoughts would be appreciated.

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Accepted Solutions
MonikaK1
Expert Alumni

1099-B detailed vs Summary and Form 8453

As long as you file your return electronically, whether you use the summary method plus a timely submitted Form 8453 with the details or use the detailed method of reporting your sale transactions should not make a difference in the time to process your refund.

 

See this TurboTax article for more information on investments.

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1 Reply
MonikaK1
Expert Alumni

1099-B detailed vs Summary and Form 8453

As long as you file your return electronically, whether you use the summary method plus a timely submitted Form 8453 with the details or use the detailed method of reporting your sale transactions should not make a difference in the time to process your refund.

 

See this TurboTax article for more information on investments.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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