Form 8949 not printing detailed sales transactions

I downloaded my Form 1099B stock sale transactions from my brokerage account. They show up in the "Step-by-Step" mode of TurboTax but no Form 8949 is generated to report the detailed sales on my tax return. I physically file, & do not e-file.

How do I cause TurboTax to generate the necessary Forms 8949 to report these sales?

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1 Best answer

Level 15

Jun 23, 2020 6:10:49 PM

Turbotax 2019 is applying some strange rules to form 8949 to decide which transactions to list and which not to list.

I don't think there's much you can do about it besides switch to other tax software.

If your Schedule D subtotals and grand totals add up and match your consolidated 1099-B(s), it does not matter and you can e-File..

Expert Alumni

Jun 23, 2020 10:31:59 AM

Regarding the sales on the 1099-B, did they still appear on your Schedule D? If so, according to the IRS instructions for Form 8949, there are exceptions to reporting on Form 8949:

Exception 1.

Form 8949 isn't required for certain transactions. You may be able to aggregate those transactions and report them directly on either line 1a (for short-term transactions) or line 8a (for long-term transactions) of Schedule D. This option applies only to transactions (other than sales of collectibles) for which:

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;
The Ordinary box in box 2 isn’t checked;
You don't need to make any adjustments to the basis or type of gain or (loss) reported on Form 1099-B (or substitute statement), or to your gain or (loss); and
You aren’t electing to defer income due to an investment in a QOF and aren’t terminating deferral from an investment in a QOF.

If you choose to report these transactions directly on Schedule D, you don't need to include them on Form 8949 and don't need to attach a statement. For more information, see the Schedule D instructions.

Level 2

Jun 23, 2020 11:03:14 AM

Thank you GiseleD. The detail of sales transactions are not showing up on Schedule D either; rather only the totals are reflected relative to Schedule D. I downloaded from the brokerage so I would not need to attach a the Form 1099B to the return. Note also that the download of sales transactions from a second brokerage account generated a Form 8949, so the TurboTax treatment between the 2 accounts is inconsistent. Thank you in advance for your further thoughts/suggestions.