topic Re: Form 8949 in After you file

Form 8949

LaughTrack — Mon, 01 Apr 2024 21:00:29 GMT

I filed electronically, but TurboTax generated a couple of Forms 8949 with some vague instructions that these needed to be sent in via snail mail but I didn't see any further instructions. Do I need to send them in via snail mail and if so, how and what do I need to include in the mailing?

Re: Form 8949

DawnC — Mon, 01 Apr 2024 21:09:39 GMT

You may need to send the IRS form 8949 and Form 8453. If you e-file your return but choose not to report each transaction on a separate row (you entered a summary with adjustments) on the electronic return, you must attach Form 8949 to Form 8453 (or the appropriate form in the Form 8453 series) and mail the forms to the IRS.

If you're required to mail in forms 8949 and 8453, do so within three days after the IRS has accepted your e-file. Here's the mailing address:

Internal Revenue Service
Attn: Shipping and Receiving, 0254
Receipt and Control Branch
Austin, TX 73344-0254

In lieu of Form 8949, you can substitute copies of your year-end broker statements that show the individual transactions. You don't need to include unadjusted Box A or Box D transactions.

Mailing 8949 with Form 8453

Re: Form 8949

LaughTrack — Mon, 01 Apr 2024 21:18:46 GMT

Thanks for the quick response.

I'm sorry, but I just looked at 8453 and it says: Form 8949, Sales and Other Dispositions of Capital Assets (or a statement with the same information), if you elect not to report
your transactions electronically on Form 8949.

So did TurboTax file form 8949 electronically or not? And if it did, do I need to file 8453 and 8949 separately?

(I'm surprised TurboTax did not advise me on this.)

Thanks for your help.

Re: Form 8949

fanfare — Tue, 02 Apr 2024 03:11:48 GMT

Look at your PDF of filed return to see what was sent.

If Form 8949 shows Code "M", you used a summary and that is the mail in election

for the details on the transactions summarized.

Note: Detail Reporting Exception: if you summarize Category A or Category D, Form 8949 is not needed for transactions without adjustments. No mailing is necessary.
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@LaughTrack

Re: Form 8949

LaughTrack — Tue, 02 Apr 2024 12:57:22 GMT

Thanks for the quick response. It looks like 2 different 8949 forms were submitted with my taxes. I don't see any M notation anywhere. A couple of the sales were "adjusted" based on info given to me from the investment company, though not materially.

So, do I need complete 8453 and attach the two different 8949 forms or not?

Re: Form 8949

fanfare — Tue, 02 Apr 2024 17:10:39 GMT

Code "M" would be in col(f) of Form 8949.

If it's not there, you don't have to do anything further.

@LaughTrack

Re: Form 8949

LaughTrack — Tue, 02 Apr 2024 17:17:46 GMT

Thanks. I just have code "D" on a couple of transactions. So, unless I hear back from you that I need to do something, I will NOT submit 8949.