Skip to main content
March 17, 2023
Solved

1099-B detailed vs Summary and Form 8453

  • March 17, 2023
  • 1 reply
  • 0 views

I have seen the instructions for mailing the Form 8453 within three days of hearing that the e-filed return was accepted.  Assuming that information is sent in a timely manner, is there any expectation that a tax refund would be returned to me more quickly if I go the detailed route rather than the summary route?  Stated another way, will going the summary and Form 8453 route delay me getting my refund?  Any thoughts would be appreciated.

Best answer by MonikaK1

As long as you file your return electronically, whether you use the summary method plus a timely submitted Form 8453 with the details or use the detailed method of reporting your sale transactions should not make a difference in the time to process your refund.

 

See this TurboTax article for more information on investments.

1 reply

MonikaK1Answer
March 17, 2023

As long as you file your return electronically, whether you use the summary method plus a timely submitted Form 8453 with the details or use the detailed method of reporting your sale transactions should not make a difference in the time to process your refund.

 

See this TurboTax article for more information on investments.

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