Form 8453 Required to mail after eFiling + Form 8949

Forum|Forum|4 years ago
April 19, 2022
16 replies
120 views

I enter all my data in TT Deluxe, check it three times, get no errors, efile and then ...

Find out I need to mail in Form 8453 with 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"

#1 Wonder why the "errors" function did not red flag this ?

#2 Is there a way to find out what 8949 is related to? We sold our home in 2020 with all transactions completed by year end of 2020. Stocks? K-1 from Stock investment?

#3 Can I amend our tax filing via Turbo Tax and efile ?

Many thanks for your help,

Tom

MHHPartner

Level 2

Tom,

I had the same thing happen this year. You can still file electronically as usual, you just need to print out the Forms 8949/8453 separately and mail them in.

It would be nice if TT let you know ahead of time what was going on, but it doesn't.

It appears that mine was triggered by either 1) some Robin Hood investment transactions that were too numerous to fit on Schedule D or 2) a few sales of scrap gold, thus triggering the Form 8949 where "additional info" is entered.

It's no big deal, just additional info that won't fit on the Schedule D for capital gain.

Good luck!

Herb

MHHPartner

Level 2

It's not an "error", so it won't show up in the error-checking process.

Herb

Anonymous_

Level 15

There is On Demand Tax Guidance in the program (see screenshot) and this is probably the result of entering a summary for stock sales.

It would (most likely) be quicker and simpler if you mailed the forms. Otherwise, you would have to list each transaction.

Tom in CarolinaAuthor

Level 5

Hey Champ - Thanks for your speedy reply. I found what I think is the culprit (other than my own lack of knowledge) = the 1099B “details” "Proceeds from Broker and Barter Exchange Transactions" ... involving two transactions…. stating to “Report details on Form 8949 or Schedule D” … I just listed what I saw in the “Summary”.

*** Since there are only two transactions, I may just list them on F 8949 and mail them… or Would you suggest I mail 2021 Form 1099B from my stock broker listing the descriptions / details ?

*** Does Turbo Tax provide a service that I can call an expert directly to answer questions when I run into situations like this in future years? Everyone in the community is very good answering questions (you get a gold star for all your help) … but sometimes there is a delay or no answer at all.

Again many thanks for your help – you are a true GEM and real asset to this community !

Tom