topic I entered 200 transactions on 1099 B worksheet only a fraction carried through to my 8949, and only those that carried through are included in the totals on form 1040 in Get your taxes done using TurboTax

I entered 200 transactions on 1099 B worksheet only a fraction carried through to my 8949, and only those that carried through are included in the totals on form 1040

marvin5679 — Tue, 09 Mar 2021 21:48:04 GMT

I checked the 1099 worksheets and only a few were created in category A, where I entered a total of 227 transactions. It looks like the on line
version cannot handle the 1500 entries advertised or anything even close to that.
Long time turbo user but very disillusioned by this and inability to include PDF statement in electronic filing. forcing me and others to resort to after filing form 8453 submission and 200 pages of broker listings that could and should have been submitted electronically
as is the case in professional tax prep software.

Re: I entered 200 transactions on 1099 B worksheet only a fraction carried through to my 8949, an...

JohnB5677 — Thu, 11 Mar 2021 15:07:42 GMT

There are exceptions to what has to be posted onto form 8949.

The IRS says: 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.

Instructions for form 8949

Re: I entered 200 transactions on 1099 B worksheet only a fraction carried through to my 8949, an...

marvin5679 — Thu, 11 Mar 2021 17:07:55 GMT

thank you for the info but this does NOT resolve the basic issue that the on line version (Premier edition) advertises that it can handle up to 1500 individual entries to form 8949. But with only 227 for me, the on line version simply cannot handle it,

and after about 25% of the 227 entries, the rest are lost someplace in cyberspace. I learned my lesson and will NOT use the on line version again, even if I get for free as a private client at fidelity. And based on community discussion I am not the only one that realizes the on line version has limitations, especially the inability to enter directly on forms.

Further, the suggested work around omits the issue of having possibly to send hard copies of the brokerage 1099 B t the IRS after filing electronically (via form 8453). I wanted to avoid that if at all possible. Sad to say, with the on line version, it cannot be avoided. Count me as very unhappy

Re: I entered 200 transactions on 1099 B worksheet only a fraction carried through to my 8949, an...

JohnB5677 — Wed, 17 Mar 2021 14:58:00 GMT

The 8449 categorizes the various status designation codes. Please confirm that you have entered the codes.

Tell us about your 1099-B sales for this account
Answer the questions
Since you have more than a few sales, we recommend entering sales section totals
Continue
Before entering sales section totals, take a moment to find them on your 1099-B
Continue
Now, we'll enter one sales section total on your 1099-B
Use the drop down menu to select the correct designation.

Code A. This code indicates a short-term transaction for which the cost or other basis is being reported to the IRS.

Code B. This code indicates a short-term transaction for which the cost or other basis is not being reported to the IRS.

Box C. Report on a Part I with box C checked all short-term transactions for which you can't check box A or B because you didn't receive a Form 1099-B (or substitute statement).

Code D. This code indicates a long-term transaction for which the cost or other basis is being reported to the IRS.

Code E. This code indicates a long-term transaction for which the cost or other basis is not being reported to the IRS.

Box F. Report on a Part II with box F checked all long-term transactions for which you can't check box D or E because you didn't receive a Form 1099-B (or substitute statement).

Code X. Use this code to report a transaction if you cannot determine whether the recipient should check box B or box E on Form 8949 because the holding period is unknown.