Had the software told me that while entering the summary information that I need to send the transaction details - I would entered the individual transactions!! Why didn't it warn me? Now I have to do the additional work and then snail mail. Horrible service for something I had to pay!
TurboTax changed the prompts last year and not in a good way.
If you enter Summary info for any Sales Category other than A and D, you will be making the mail-in election without realizing it. I think this year there is a warning but it is in very fine print i.e. easy to miss..
I fell into the same trap. Any reason we shouldn't simply file an amended return once the original return has been accepted?
May be you can. But i think amendements cannot be efiled and you will have to mail them anyway. I ended up filling 8949 and sent them along with supporting 1099s
I agree with Don. It would have been very simple for me to enter the individual transactions, especially since there was only 1, rather than enter the summary. I don't think I even realized I was entering a summary rather than the single transaction details. Why didn't TT flag this concern in bright red letters during both entry and the error checking process and make sure I understood I needed to send a form BEFORE I e-filed rather than alerting me 10 seconds AFTER I hit the send button? This is an unexpected major glitch from TT for sure. Next year, might need to look elsewhere for software.
I am being prompted to mail Form 8453 even though my summarized sales do not include any adjustments (i.e. Code W for wash sales). According to the instructions above, TT should not be prompting me to mail Form 8453.
I also agree that better instructions at the point of data entry are needed so that we are not surprised after e-filing our returns that we must also mail in additional forms and documentation.
examine carefully all the 8949s attached to your return, If there is no "M" anywhere in the Codes column, you don't have to mail anything
if you're using Online you have to pay the fee to do this, and possibly take another path before e-Filing.
Thanks, fanfare.
I do have an M in the codes column F on Form 8949, however the amount of adjustment in column G is zero. The instructions state:
If you enter an amount in column (g),
enter a code in column (f).
Seems to me if column G is zero, TT should not have entered the code M in column F. I will mail it in with my supporting documentation any way just to be on the safe side.
I sent off form 8453 and the supporting documentation in April when I submitted my taxes electronically. The address TT gave me was to Austin, TX. This weekend I received a letter from IRS asking for the information. After talking to Dorthy at the IRS support center, it seems that form 8453 and supporting documentation should have gone to Fresno where TT sent my return. Getting the paperwork I sent five weeks ago from Austin returned to me or forwarded to Fresno would be easier than getting Trump to release his tax forms. So I need to resubmit the documentation. TurboTax did not get the address correct. Make sure you send the supporting documentation requested to where TT is electronically sending your return.
To TT - Get the addresses correct!