topic Form 8453 Form 8949 mail in request in Get your taxes done using TurboTax

Form 8453 Form 8949 mail in request

Twostates — Sat, 15 Feb 2025 20:45:21 GMT

Anyone know why I received a notification after efile to print Form 8453 and attach Form 8949 ?

This has always been included in efile before

Re: Form 8453 Form 8949 mail in request

Mike9241 — Sat, 15 Feb 2025 20:52:45 GMT

when you enter multiple stock trades as a single item on form 8949, the IRS wants the details. You e-file your return and provide the IRS with those details by mailing in form 8453 with the 1099-B

Re: Form 8453 Form 8949 mail in request

Twostates — Sat, 15 Feb 2025 20:56:46 GMT

Is there no efile option for this?

will the return be processed or on hold until they receive the print document by mail?

what if the 1099-B is for Bitcoin with no cost basis listed?

Re: Form 8453 Form 8949 mail in request

fanfare — Sun, 16 Feb 2025 16:11:28 GMT

What is the Box Category you are reporting? see exception below.

If you are not excused by the detail reporting exception,
IRS requires details of your SELL transactions to be supplied on some Form 8949,
or on your other forms (e.g. consolidated 1099-B or spreadsheet) which have the same information and in the same manner as Form 8949.

This is so, even when the broker has sent details to the IRS already.

The exception does not include wash sales, since they have an adjustment.
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Detail Reporting Exception: if you summarize Category A or Category D, Form 8949 is not needed for transactions without adjustments. No mailing is necessary. No attachment is necessary.
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For non-covered securities ( BOX B or E) showing zero (wrong) basis, enter the correct basis yourself.
Use code "B" and put -0- in col (g).
For Box A or D, leave basis as reported, use Code "B" and put an adjustment in col(g).

If you go through the TurboTax dialog, TurboTax will comply. That is, it did in the older versions I tested.

@Twostates

Re: Form 8453 Form 8949 mail in request

Twostates — Sat, 15 Feb 2025 21:33:40 GMT

@fanfare

1099-B (Bitcoin sales)

Proceeds are in box 1d

under broker statement

box 1c is the date of transaction

box 12 basis reported to irs = 0

Box 5 (noncovered security ind) = 1

Re: Form 8453 Form 8949 mail in request

fanfare — Sun, 16 Feb 2025 15:13:05 GMT

What is your question ?

@Twostates