Skip to main content
February 21, 2023
Question

Form 8949 and Schedule D

  • February 21, 2023
  • 1 reply
  • 0 views

Based on my information on Form 7203 I am supposed to fill out form 8949 and schedule D.  It says that Turbo tax automatically does this.  I am a little confused if I am supposed to mail in these forms if I e-file. If so where do I find them?  I saved a copy of my returns prior to filing and can not find them.  Thank you

1 reply

February 21, 2023

Did you report a distribution for which you did not have sufficient basis?  

 

For instance, a distribution of $3,000 for which you reported $2,000 in basis in the entity would report a $1,000 gain on IRS form 8949 / Schedule D Capital Gains and Losses.

 

The gain on the distribution may be reported here:

 

  • Federal
  • Wages & Income
  • Investments and Savings
  • Stocks, Cryptocurrency, Mutual Funds, Bonds, Other

@holly_s 

 

 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"