Adding form 8949 page 2

I noticed on long term transactions not reported to IRS on form 8949 CANNOT be grouped with reported long term transactions and need to be reported on a separate page 2 of form 8949. Page 1 of form 8949 has a check in the F box and this does not apply to all the long term transactions but only the sale of an inherited property. How do I include a separate page 2 of form 8949 and get the appropriate box checked for long term transactions that ARE REPORTED.

542

Employee Tax Expert

Mar 18, 2024 9:25:38 AM

You can report a long-term transaction reported to the IRS by selecting Long-term basis reported to IRS (covered) under Sales section title.

However, see the NOTE under Part II of IRS form 8949 page 2:

Note: You may aggregate all long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 8a; you are not required to report these transactions on Form 8949 (see instructions).

So, even if long-term code D transactions are selected, an IRS form 8949 may not print out unless the transactions require adjustment codes.

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Adding form 8949 page 2