form 8949

Forum|Forum|5 years ago
May 14, 2021
1 reply
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I efiled, but turbo asked me to mail a form 8949 to IRS. Why do I need to send it?

ee-ea

Alumni - Champ

See this info

https://ttlc.intuit.com/community/forms/help/do-i-need-to-fill-out-or-mail-in-form-8949/00/27232

Please give feedback. If this helps click “Thumb” or “Best Answer” if it’s a solution.

fanfare

Level 15

At tax time, you have the option to summarize your transactions by Sales Category.

IRS requires details to be listed on a Form 8949,
or on your other forms (e.g. consolidated 1099-B) which have the same information and in the same manner as Form 8949.
Either way, if you choose to summarize, you have to mail the transaction details to the IRS within three business days of IRS accepting your e-Filed tax return.

Exception: if you summarize Category A or Category D, Form 8949 is not needed for transactions without adjustments. No mailing is necessary.