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will42j
New Member

How to report on form 8949?

Noncovered transactions are to be reported on 8949/ how do I get this form
1 Best answer

Accepted Solutions
LindaA
Level 10

How to report on form 8949?

TurboTax will automatically generate Form 8949 when you report the sale or disposition of capital assets. For example, when you enter stock sales reported on Form 1099-B, TurboTax will generate the 8949. 

For more information, including how to determine the cost basis of a stock, please see the FAQs below.


To enter Form 1099-B in TurboTax Online:

  • Open (continue) your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
  • Click the drop-down arrow next to Tax Tools (lower left of your screen).
  • Select Tools.
  • In the pop-up window, select Topic Search.
  • In the I'm looking for: box, type 1099-b.
  • In the results box, highlight 1099-b, then click GO.
  • You'll land on Did you sell any investments in 2016? Click Yes.
  • Follow the onscreen instructions. You'll be able to enter the 1099-B info yourself or import it if your brokerage participates in the TurboTax Partner program.


How do I find a stock's cost basis? https://ttlc.intuit.com/replies/3300454

What is Form 8949? https://ttlc.intuit.com/replies/3300671

What is a 1099-B?  https://ttlc.intuit.com/replies/3301629

Edited 01.31.2018 07:44PM PST

View solution in original post

3 Replies
LindaA
Level 10

How to report on form 8949?

TurboTax will automatically generate Form 8949 when you report the sale or disposition of capital assets. For example, when you enter stock sales reported on Form 1099-B, TurboTax will generate the 8949. 

For more information, including how to determine the cost basis of a stock, please see the FAQs below.


To enter Form 1099-B in TurboTax Online:

  • Open (continue) your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
  • Click the drop-down arrow next to Tax Tools (lower left of your screen).
  • Select Tools.
  • In the pop-up window, select Topic Search.
  • In the I'm looking for: box, type 1099-b.
  • In the results box, highlight 1099-b, then click GO.
  • You'll land on Did you sell any investments in 2016? Click Yes.
  • Follow the onscreen instructions. You'll be able to enter the 1099-B info yourself or import it if your brokerage participates in the TurboTax Partner program.


How do I find a stock's cost basis? https://ttlc.intuit.com/replies/3300454

What is Form 8949? https://ttlc.intuit.com/replies/3300671

What is a 1099-B?  https://ttlc.intuit.com/replies/3301629

Edited 01.31.2018 07:44PM PST

View solution in original post

Jonfatica
New Member

How to report on form 8949?

On the CD version, how do I trigger Form 8949 adjustments for wash sales? I want to recognize them for “Trader Tax Status”

AmyC
Expert Alumni

How to report on form 8949?

The program generates forms as you hit the key items.

 

When you are adding the sale of the stock, there is a box that says I need to enter amounts from box 1f, box 1g, or other adjustments. Check that box. You can then list codes and make adjustments for your wash sales. The 8949 will be generated.

 

@Jonfatica

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