Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
D
danmalinsod123
December 24, 2021
Question

Some but not all information from my vanguard tax statement appears on my 1040 dividends but no 8949 property , now IRS cp2000 , what happened

  • December 24, 2021
  • 1 reply
  • 0 views
Ordinary and qualified Dividends but no property appear on 8949 , IRS says cost basis was on return but proceeds was supposed to have been reported as it was for 2018 and2020  but is missing from 2019 ,

1 reply

Critter-3
Critter-3
December 24, 2021

Did you fail to download the 1099-B for the sales from the broker ?    The import for the dividends and the import for the stock sales are handled in 2 different sections of the interview.

 

Amend the return to enter in the 1099-B information to populate the 8949 & Sch D to respond to the IRS notice.

fanfare
fanfare
Employee
December 25, 2021

are you sure? usually it is the other way around.

proceeds is reported but cost basis is not when the broker does not have that information.

Critter-3
Critter-3
December 25, 2021

The IRS may have some of the cost basis on file but the correct forms did not get filed ... complete them now and submit them as directed. 

TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification