3496562
You'll need to sign in or create an account to connect with an expert.
No, unless you made adjustments to your investment income and/or your cost basis wasn't reported, you do not need to send the 1099-B. Do keep it with your records.
Here is some further information on the topic you may find helpful: When do I need to include my 1099-B with my return?
If you have a disallowed loss amount , then you will get that message.
--
If you are not excused by the detail reporting exception,
IRS requires details of your SELL transactions to be supplied on some Form 8949,
or on your other forms (e.g. consolidated 1099-B or spreadsheet) which have the same information and in the same manner as Form 8949.
This is so, even when the broker has sent details to the IRS already.
The exception does not include wash sales, since they have an adjustment.
-----
Detail Reporting Exception: if you summarize Category A or Category D, Form 8949 is not needed for transactions without adjustments. No mailing is necessary. No attachment is necessary.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
neutron450
Level 1
Farmgirl123
Level 4
BobTT
Level 2
dbtaylor
New Member
midtowncpa
Level 2