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I had Wash Sale Loss Disallowed in box 1g on my 1099-B from my broker. TurboTax only says to send a statement to irs. Can I just send the summary showing the totals?

What are they referring to when they say statement? Do I have to write out 200 trades on a 8949?
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I had Wash Sale Loss Disallowed in box 1g on my 1099-B from my broker. TurboTax only says to send a statement to irs. Can I just send the summary showing the totals?

Do you want to know how to send a copy of your 1099-B to the IRS?

I had Wash Sale Loss Disallowed in box 1g on my 1099-B from my broker. TurboTax only says to send a statement to irs. Can I just send the summary showing the totals?

Id like to know whether the 1099-B will be sufficient or do I need to fill out the 8949?

I had Wash Sale Loss Disallowed in box 1g on my 1099-B from my broker. TurboTax only says to send a statement to irs. Can I just send the summary showing the totals?

Yes, the 1099-B will be sufficient, but you do need to enter the summary totals.  Here's how to generate the Form 8453 to send to the IRS with your 1099-B attached:

  • In your open Federal return, choose Wages & Income
  • Scroll down to Investment Income and Show more
  • Start/Revisit Stocks, Mutual Funds, Bonds, Other
  • Add a sale and answer Yes, you got a brokerage statement. 
  • On the next page "Choose your bank or brokerage" scroll down and select "I'll type it in myself."
  • Enter your brokerage name and Continue
  • on the page "Tell us about your Brokerage 1099-B" choose the radio button for "I'll enter a summary for each sales category."  (If you need more info at any time, select Learn More.)

This will generate the required Form 8453.  In limited situations, the forms are not required to be mailed.  TurboTax will notify you if this applies in your case.


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