Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 16, 2021 12:02:16 PM

Can I correct an 8949 so that I can Efile?

0 1 232
1 Replies
Expert Alumni
Feb 16, 2021 12:18:59 PM

Yes, but the information to Form 8949 flows to the form when you enter investment sales or exchanges in TurboTax. We automatically fill out Form 8949 and transfer the info to Schedule D. You don't need to fill out the 8949 yourself.

 

If you need to make corrections, review the investment sales you entered. See:

 

Your total capital gains for the year minus your total capital losses result in a net gain or a net loss.

 

  • You can deduct a net loss of up to $3,000 ($1,500 if married filing separately). Any capital loss you couldn't deduct this year can be carried forward and deducted on future tax returns as a capital loss carryover.