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# of trades do not seem to get matched # of lists in 8949?

Hello

 

So 2021 was kind of hectic year that I ended up with doing both manual and AI based high frequency trading so it was around 1500 trades total when imported into Turbo tax Premier. But then when reviewing 8949 tax form, there were 14 trades in each page, and I have only 27 pages, which would be roughly 400 trades. 

 

I do see that in 8949 form, some trades were entered as "Various" for "(b) Date acquired", so perhaps this is what it can account for? 

 

Is there any easier way if all trades are accounted for? I mean, honestly, how am I supposed to know all my 1500 trades were accounted and accurate, other than just trusting what Turbo Tax import did?  

 

Thank you in advance

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2 Replies

# of trades do not seem to get matched # of lists in 8949?

@certainly3 

 

First off,

Always print a copy of your completed tax return for your records, and review it carefully before e-Filing.
You will need it if you are audited by the IRS, or to amend if a TurboTax update changes your return or for any other reason,

AND, to find your AGI next year.

The subtotals and the grand totals on Schedule D should match the subtotals on your consolidated 1099-B(s).

UNLESS 

you entered other transactions for which you don't have a 1099-B.

In that case, you should do the 1099-B first, double check the results,

then go on to the other transactions.

 

# of trades do not seem to get matched # of lists in 8949?

Recently TurboTax has decided to hide certain transactions that do not require Form 8949.

 

This undocumented behavior just make everything more confusing for everyone.

 I don't think TurboTax does date aggregation ("various") that would come from your broker statement.

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