Form 8949

Forum|Forum|1 year ago
February 8, 2025
1 reply
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Hello.

I am resubmitting this question again because I had a typo in the first submission.

I am filing an amended return for 2022, which includes a new schedule D and form 8949. While proofing the 1040 - X the classification of a long-term sale was changed from D (reported on 1099-B) to E. I deleted and reentered the information 3 times to be sure I had not made a mistake. This change was not made on a long-term sale conducted by a different investment company.

Any hypothesis as to why the change is occurring and is it safe to go ahead and file my return?

Thank you for your time.

Kelley

Best answer by DianeW777

It depends. If you are referring to the check boxes for the lines below, you should go ahead and file your tax return as is. There is no need for concern at all.

(D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above)
(E) Long-term transactions reported on Form(s) 1099-B showing basis wasn’t reported to the IRS

Either way the capital gain or loss is correct on your tax return and the check box doesn't change that.

DianeW777Answer

It depends. If you are referring to the check boxes for the lines below, you should go ahead and file your tax return as is. There is no need for concern at all.

(D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above)
(E) Long-term transactions reported on Form(s) 1099-B showing basis wasn’t reported to the IRS

Either way the capital gain or loss is correct on your tax return and the check box doesn't change that.

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