When filing my 2024 tax returns I used the trade log software to calculate my wash sales and I generated form 8949.
I followed instructions on the tradelog software to upload the summary of short and long term trades and the 8949 to be e-filed.
After e-filing I noticed that the tax return only includes the summary in 8949.
For such a case it is expected that turbotax generate a form 8453 so that I can mail the 8949 with the 8453.
I am unable to find the 8453 form. I am under a time crunch as the IRS directive says that I need to send the 8949 within 3 days of accepting the return.
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you would just get 8453 from the IRS website and fill it in, it's just a cover sheet. you need to mail the details of the wash sales, the instructions say to send form 8949 or 'statement with the same information' - that's not usually the same 8949 with summary info that you filed as that's already been sent electronically, it's supposed to the details of the sales with adjustments - people usually send the 1099-B.
P.S. I suspect the person at the IRS that opens all these envelopes is not at work right now
P.P.S. no idea what tradelog is so maybe your situation is more complex, but unless you have a lot of wash sales or other adjustments like AMD, this mail-in step can be avoided in future by inputting (or importing) the sales with adjustments as a1099 in Turbo "one by one" with the details, and input the balance of your 1099 as sales summaries.
did you use code M for each of those summary totals? without it Turbotax does not know they are summary totals so the 8453 will not be generated. I will point out that transactions where proceeds and tax basis are reported to the IRS (generally types A or D) and there are no adjustments like for wash sales or market discount, they can be reported directed on lines 1A and/or 8A of schedule D (no 8949) and in that case no detail needs to be provided to the IRS.
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