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ftobiason
New Member

How do I get Form8949 to appear in FormD??

It won't allow any data in formD, I don 't  have 1099 B form.
3 Replies
DianeW
Expert Alumni

How do I get Form8949 to appear in FormD??

When you enter your capital gains and losses, Form 8949 is automatically generated with your return if required.  Please see the information included for you below.

https://ttlc.intuit.com/replies/3300671

Natcoh
New Member

How do I get Form8949 to appear in FormD??

I had the trades from my Morgan Stanley account automaticaley transfer to the tax return.  When I review the return, there is a schedule D, and and a 1099B worksheet. 

The form 8949 is not generated?

GeorgeM777
Expert Alumni

How do I get Form8949 to appear in FormD??

You may not need Form 8949.  Form 8949 is not required if all of the following are true:

  1.  No adjustments to cost basis are necessary.
  2.  The Ordinary box in box 2 isn’t checked.  Box 2 on Form 1099-B relates to short-term gain/loss and long-term gain/loss.  If the Ordinary box is checked, your security may be subject to special rules.  And, 
  3.  You are not electing to defer income due to an investment in a Qualified Opportunity Fund and are not terminating deferral from an investment in a QOF.

If the above three conditions are met, then a Form 8949 is not necessary.  Generally, Form 8949 allows you and the IRS to reconcile amounts that were reported to you and the IRS on Forms 1099-B or 1099-S (or substitute statements) with the amounts you report on your return.   Thus, see if your two transactions meet the three conditions referenced above.  If they do, then Form 8949 is not needed.

 

@Natcoh

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