☰
✕
Sign In

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
Level 2
posted Apr 9, 2024 7:36:57 PM

Form 8949 Not populating correctly

I have four summary entires from two brokers for capital gains/losses. one each where the basis was reported, and one each where the basis was not reported.  Seems this should have created to form 8949.  Only one form 8949 was created showing 3 of the summary entries , all show as short term and option (c) "all not reported to me on form 1099".  Is this a glitch or is there some place TT check entry.  thank you

0 2 2526
2 Replies
Expert Alumni
Apr 11, 2024 8:08:16 AM

I think that you are saying that an IRS form 1099-B transaction where basis was reported to the IRS is not being displayed on an IRS form 8949.

 

The instructions on the IRS form 8949 Sales and Other Dispositions of Capital Assets states:

 

Note: 

 

You may aggregate all short-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 1a; you are not required to report these transactions on Form 8949.

 

Does this explain why your entry is not found on the IRS form 8949?

 

Level 2
Apr 11, 2024 4:15:34 PM

Thank you