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Level 3
March 12, 2022
Question

Form 8949 Box 1e versus "original basis"

  • March 12, 2022
  • 1 reply
  • 22 views

I sold shares of stock from several funds.  My 1099 detail of form 8949 has each transaction with Box 1e completed but it also has an "Additional Information" column with Original Basis for some but not all of the transactions.  The original basis is usually a few dollars more than what is in Box 1e, but others are as much as $100 more.  I have TT Premier & it will allow me to edit each line of the 8949.  Will IRS question the difference between the 8949 & the summary of the transactions reported on the 1099 B?  Or will some type of explanation be required?

    1 reply

    fanfare
    Level 15
    March 12, 2022

    If IRS contacts you questioning the difference, you reply with an explanation.

    You do not attach an explanation to your filed tax return.