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You read my mind. This is a MAJOR HASSLE to have to do this after the fact. TurboTax should have said "You will need to mail them individual transaction information later to a separate address from where you send payments."
There we thought we were done with our taxes only to discover there is this major administrative headache.
#turbotaxfail
I never never mailed my actual brokerage statements to the IRS per "such as your brokerage statements (Form 1099B)"
This is a huge failure by TurboTax not to have notified us about this. It is unclear to me if I can black out my personal information on the statements or what.
+1 to warning users about physically mailing additional forms.
Just ran into this issue.
My 1099-B was having 5 pages of penny value transactions, all from a single stock. So I went the summary route to avoid having to enter hundreds of those "micro" transactions. Sure enough, got the annoying Form 8353 mail-in instructions after e-filing my return.
Decided I am not going to bother, as the gross proceeds (Box 1d) from the 1099-B comes under $10. Pretty certain the IRS is not going to waste time on this. If they do follow up, I know what to print and send in.
In the year of 2022, and I just filed my 2021 tax return. I got the same issue too. It would be better TT warn me that I need to file additional form if I use summary method.
Wow - three years later and TT continues to allow this unnecessary hassle to persist. I guess they don't read these community messages! It would be SO simple to fix this with a warning message when you select summary. Probably one line of code - maybe two.
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