Form 8949 not printing detailed sales transactions

Forum|Forum|6 years ago
June 23, 2020
3 replies
56 views

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?

Best answer by fanfare

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..

GiseleD

Level 14

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.

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Kris-KAuthor

Level 2

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.