turbotax icon
turbotax icon
turbotax icon
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

nodnarb82
New Member

What do I need to provide the IRS to support an amount on my Schedule 1?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

7 Replies

What do I need to provide the IRS to support an amount on my Schedule 1?

Schedule 1 has many different things.   Is the IRS asking for more information?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
nodnarb82
New Member

What do I need to provide the IRS to support an amount on my Schedule 1?

"schedule D is incomplete or missing from your return. Complete the schedule with information that supports $x,xxx.xx on line 13, Schedule 1. Also attach all supporting forms or schedules, as required."

What do I need to provide the IRS to support an amount on my Schedule 1?

Line 13 is capital gain or loss.  Is that what you reported?  If you had a 1099-B with security sales the  you should have had a schedule D.    If you print all forms and worksheets is there a schedule D there?   The 1040 Schedule 1 has a check box next to line 13 that is checked if schedule D is  not required - is it checked?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
nodnarb82
New Member

What do I need to provide the IRS to support an amount on my Schedule 1?

Yes, I reported a loss. There is a schedule D there. The box is not checked, but a schedule D was included. Are they asking for proof of how I got the #'s entered?

What do I need to provide the IRS to support an amount on my Schedule 1?

Your proof would be the brokerage documents (1099-B) that you used to enter the data from.  The IRS should already have those.   You can call then number on the letter and find out just what more they want.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

What do I need to provide the IRS to support an amount on my Schedule 1?

Anonymous
Not applicable

What do I need to provide the IRS to support an amount on my Schedule 1?

the IRS is probably asking for form 8949 which details your security sales.  this is required if basis on some or all sales  not reported to IRS  (this should be indicated on the 1099-B)

or if basis was reported you didn't use lines 1a and/or 8a.  


or you didn't use the same basis that the brokerage reported which requires and explanation.  

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies