Question

I daytrade stocks. My tax return was accepted. However, I needed to mail Form 8453 along with 8949 OR "acceptable Continuation Sheet for Schedule D", there's a form called Schedule D in my TurboTax, it's 3 pages, This is all I need right?

Forum|Forum|4 years ago
April 16, 2022
1 reply
0 views

The 8949 is 20 pages, the Schedule D is 3 pages. I want to save paper..but idk what the heck is "acceptable Continuation Sheet"

fanfare

Employee

@CertifiedPublicAssistant

IRS requires details of your SELL transactions to be supplied on some Form 8949,
or on your other forms (e.g. consolidated 1099-B) which have the same information and in the same manner as Form 8949.

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If your Form 8949 is 20 pages, that tells me you supplied the transaction details on your tax return already.

There is no reason to mail the details in again a second time.

C

CertifiedPublicAssistantAuthor

@fanfare Yeah it's weird, I got this message at the end so I was worried. My Federal Tax return accepted already. Just waiting for CA to approve the state return. See my attachment.