Turbo Tax 2022 does not generate form 8949 for individually entered stock sales

Forum|Forum|3 years ago
February 17, 2023
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I entered all of my individual stock capital gains and losses into Turbo Tax (I do not use the summarize method). The Turbo Tax software correctly totaled all of them on Schedule D, but it did not generate a form 8949 listing them individually.

In past years of using Turbo Tax, the form 8949 was generated with no problems.

If I switch to "forms" mode, I can see a worksheet with all of my capital gain/loss entries, but the 8949 form is empty (except for my name and SSN).

How can I get the 8949 to generate/print?

TurboTax Home & Biz Windows

Best answer by MonikaK1

If all Forms 1099-B (or all substitute statements) you received show basis was reported to the IRS and no correction or adjustment is needed, you may not need to file Form 8949. Please see here for the IRS instructions for Form 8949.

Individuals use Form 8949 to report the following:

The sale or exchange of a capital asset not reported on another form or schedule.
Gains from involuntary conversions (other than from casualty or theft) of capital assets not used in your trade or business.
Nonbusiness bad debts.
Worthlessness of a security.
The election to defer capital gain invested in a qualified opportunity fund (QOF).
The disposition of interests in QOFs.

If the rest of your sale transactions, not shown on Form 8949, are correctly reported on Schedule D, then you should not have an issue with the IRS. Be sure to keep your supporting data in case you ever receive an inquiry from a tax agency.

SantinoD

It sounds like you are not required to fill out and file Form 8949.

If you're e-filing, you only need Form 8949 (along with Form 8453) if you entered sales section totals for one or more sales categories (instead of each individual sale) and one of the following is true:

The sales category for one or more summaries is something other than box A (short-term covered) or box D (long-term covered), or
The box A or box D summary includes adjustments (typically listed in boxes 1f or 1g on your broker statement)

If you also entered each transaction in previous years and Form 8949 was produced, it could be because there was some kind of adjustment reported. In this case, even thought you entered them individually, you would need to file Form 8949.

Here is more info on Form 8949: Do I need to fill out or mail in Form 8949?