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mbed
Level 2

Why is TT telling me to mail Form 8453 to the IRS manually? I uploaded a PDF of my detailed 1099-B to TurboTax. Doesn't TT send my uploaded PDF 1099-B w my e-filing?

You do not need to send your 1099-B to the IRS they have been sent a copy of the form by your broker.

mbed
Level 2

Why is TT telling me to mail Form 8453 to the IRS manually? I uploaded a PDF of my detailed 1099-B to TurboTax. Doesn't TT send my uploaded PDF 1099-B w my e-filing?

does TT extract the info into the return?

Why is TT telling me to mail Form 8453 to the IRS manually? I uploaded a PDF of my detailed 1099-B to TurboTax. Doesn't TT send my uploaded PDF 1099-B w my e-filing?

TT crap out when I tried importing it.
I moved over to TT Desktop and it failed as well.
So I calculate the wash sale based on the summary. So do i have to print out hundreds of pages and mail it to the IRS? Or do i mail in the summary page with the total amount that I used to calculate the lost. 

DianeW777
Expert Alumni

Why is TT telling me to mail Form 8453 to the IRS manually? I uploaded a PDF of my detailed 1099-B to TurboTax. Doesn't TT send my uploaded PDF 1099-B w my e-filing?

Yes, you can mail the summary page with a copy of the 1099-B.  The IRS could ask for more much later down the road so keep a copy of everything with your tax file on paper or on your computer files, whichever works best for you.

 

@aznkk82 

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Why is TT telling me to mail Form 8453 to the IRS manually? I uploaded a PDF of my detailed 1099-B to TurboTax. Doesn't TT send my uploaded PDF 1099-B w my e-filing?

my 1099B is about 200 page. Ok no avoiding printing it out.

Why is TT telling me to mail Form 8453 to the IRS manually? I uploaded a PDF of my detailed 1099-B to TurboTax. Doesn't TT send my uploaded PDF 1099-B w my e-filing?

This might help some of us.

 

From Turbo Tax Help:

 

Should I summarize my sales?

If you have sales identified on your statement as Box A or Box D sales, and they don't include any adjustments to the gain/loss (e.g. a Disallowed Wash Sale amount), then you should simply enter a summary for these sales. You'll only need to enter the total sales proceeds, total cost basis, and sales category.

For sales that aren't identified as Box A or Box D sales, or that require adjustments, you have a choice to make. If you choose to enter summary totals for these sales, then you'll be required to mail in a statement with specific information about each individual sale. Otherwise, you can just enter each sale one at a time in TurboTax, and you won't have to mail anything in.

Here's a tip that might help: you can report individual sales as well as summaries for the same account. So let's say you have an actively traded account with 500 stock sales that are all Box A or Box D sales. Only 3 of the sales require any adjustments. In this case, you can report the 3 sales that require adjustments individually. Then you can report all the remaining sales by entering two sales summaries, one for all the Box A sales that don't require adjustments and one for all the Box D sales that don't require adjustments. By entering just 5 sales, you've covered all 500 sales and don't need to mail in any additional info.

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