How to print form 8949 to mail with Form 8453?

[gk5040]

I am filing taxes for my deceased mother, I have done her taxes for her for years and always downloaded her tax forms into my desktop TT Deluxe.  However, because she passed in early December I no longer have access to her online accounts, the financial institutions cut you off from accessing the accounts therefore I can not download the 1099's into Turbo Tax like I always did in the past.  Her brokerage account has over 400 sales entries, I entered them into 3 grouped categories instead of putting in each individual sale.  Even if I manually entered each sale I think I still have to mail in the 1099B because she had $4 in wash sales and there were 6 transactions in Box E, coded as non-covered.  I can see form 8949, but it is not included in the print out to send to the IRS nor does it show when I saved "all forms and worksheets".  Form 8453 says to include 8949 when I mail the 1099B to the IRS.  How do I print form 8949?

[DianeW777 · Accepted solution]

When you select to print your tax return the Form 8949 will be included. You can save to a .pdf and print only the 8949 or you can simply attach a copy of the 1099-B to Form 8453. See the links below for saving and printing the tax return for your mother.

• How do I mail Form 8453?
• How do I get a PDF of my return?

We are so very sorry for your loss.

[gk5040]

Thank you for a quick response!  I overlooked it because I was expecting the form to look like it does when I am in the TT program.  I had saved the Return as a pdf, but I was scanning the top left corners of every page looking for "Form 8949   Sales and Other Dispositions of Capital Assets" all in bold letter across the top of the form, instead "Form 8949" is not bold, it's printed in tiny letters and on the far right in tiny letters it says "Attachment Sequence No. 12A", only 12A is bold.  It does not mention "Other Dispositions of Capital Assets".  Thank you for helping me open my eyes:)  I wrote this comment to help others in the same situation, it's easy to overlook that its actually there.   

[fanfare · Accepted solution]

To avoid mailing and mailing the wrong  or superfuous documents

enter the 6 transaction under boxE manually

enter wash sale transaction manually

Form 8949 is not required for BoxA and BoxD without adjustments. There will be nothing to mail.

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Enter the wash sales on Form 8949, then use the subtotal results on the bottom of that form (Line 2) to know how much to subtract which gives you the Schedule D line 1a totals. Be sure to NOT check the adjustments box in the summary window.

The two Schedule D lines 1a and 1b proceeds should total to the proceeds for that category on your consolidated docment

@gk5040 

[gk5040]

My mom also had Box E, noncovered securities with no cost basis submitted to the IRS, but the cost basis was on the 1099B I received.  I was afraid I would spend another hour or so trying to pull out the 8 little wash sales and recalculating each group of sales, only to find out I had to send the 1099B because of the 6 sales marked with Box E.  I got the impression I needed to send the 1099B tax statement because I was not able to import from Chase/JP Morgan, I grouped the 400+ sales into 3 entries and the box E issue.  If it was just the wash sales I would have spent the time putting the trades in.  I filed her taxes before I read your reply, and I am headed to the post office tomorrow to mail off her requested forms.  You would have thought the IRS had all the information from Chase.  I am not sure why Chase classified those 6 sales as Box E, they provided me with a cost basis, they managed my moms money.....poorly I might add..... so why didn't they report that cost basis.  Her financial advisor refuses to answer my calls or emails because I withdrew all my inheritance from Chase so I will never know.  Thank you so much for your reply.

[DianeW777]

It's likely because of a law enacted where basis began to be required to be reported and tracked by the financial agents. This is strictly for your information.

In 2008, Congress passed legislation which required brokers to report the cost basis for securities and mutual funds to both the investors and the Internal Revenue Service (IRS), effective tax year 2011. The difference between covered and noncovered shares is who keeps track of the cost basis.

• For covered shares, the financial organizations are required to report cost basis to both you and the IRS. 
• For noncovered shares, the cost basis reporting is sent only to you.

@gk5040 

[gk5040]

If the financial institution knows the cost basis, why list it as a non-covered security?  Chase reported it to me, its what I used when I entered the sale in TT.  I have another situation where my mom had a few stocks with Computershare.  They did not report the cost basis to me and I have no clue when my mother purchased the securities.  

[DianeW777]

It depends. If you are unable to find a cost basis for your mother for the Computershare stocks, then zero is the alternative. Try reaching out to the financial institution on the chance they may know the answer or give information where you might find the cost basis online.

As far as the other stock where the cost basis was reported to you, it would seem it's because they have the information but it may have bee held longer than the requirement to send cost basis to the IRS. Another action that can happen is that the financial agent was changed in the middle and a new company would not have all the information from the original purchase of some portfolio items.

@gk5040 

[gk5040]

Computershare is a difficult company to work with:(  My mom had moved many years ago, my brother tried to save all her important documents but some were either overlooked or never found.  My moms memory was bad the last few years to ask her questions.  Luckily, I sold off the computershare before she died, but had I waited we would have had a new cost basis which would have been the value the day she died.  Computershare charged enormous fees to sell the 3 small securities that one trade she got $0.  They had wire fee, transfer fees and brokerage fees that added up to $56 in fees for each security.  Hopefully, the IRS doesnt come after me, it was a small amount and it's close to the date.  Thank you for the insight.