TurboTax Home and Business (desktop):
I have populated the details from two 1099B statements from my brokerage detailing numbers for:
> short term (Box A) with and without amounts disallowed by wash sale
> short term (Box B)
> long term (Box D)
> long term (Box E)
The generated Schedule D captures and summarize all of the results. (So far so good!)
However, the generated forms 8949 are missing values and don't support/jive with Schedule D. Specifically omitted from form 8949 are: (a) "Box A" values with no wash sale and (b) All of the "Box D" values.
Is this a bug or a feature or my lack of understanding of how 8949 and Schedule D work together?
this is recently new undocumented behavior of TurboTax.
Detail Reporting Exception: if you summarize Category A or Category D, Form 8949 is not needed for transactions without adjustments. No mailing is necessary.
Line 2 of Form 8949 Page 1 should match Schedule D Line 1b.