Schedule D and form 8949

Forum|Forum|3 years ago
September 16, 2022
11 replies
223 views

I invested part of my 2020 401(k) retirement income in a mutual fund. I failed to correctly identify this in my 2020 form 1040 filing and the IRS tells me I need to complete Schedule D and Form 8949. How can I use TurboTax to generate these forms?

Anonymous_

Level 15

Did you file online? Can you log in to your account?

You can always download the forms from the IRS web site.

https://www.irs.gov/pub/irs-prior/f1040sd--2020.pdf

https://www.irs.gov/pub/irs-prior/f8949--2020.pdf

RK DIY TaxesAuthor

Level 2

Yes, I did file electronically and I can login to my IRS account. I have downloaded the forms and instructions, but they are asking about the sale of property or stocks of which I did neither. I simply reinvested part of my 401(k) retirement income in a mutual fund.

Thanks for your reply.

Critter-3

Level 15

What happens inside a 401K is not reported on an income tax return. So do you have a broker's account outside of a retirement plan or IRA that you had sales in it ? If so the broker will issue you a 1099-B for the sales that is reported on the personal return on form 8949 and the Sch D.