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Why are my stock option transactions not appearing in a form 8949?

Forum|Forum|5 years ago
April 13, 2021
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I made about 200 transactions of stock options in 2020. I imported them from my broker 1099-B. The total capital gain appears on Schedule D. In forms mode, the transactions appear in Form 1099-B Worksheet in the sections called "Quick Entry Table" and "Sale Results for Form 8949". But they do not appear in a form 8949. So no record of these individual transactions are included in my tax forms to be sent to the IRS.

Why? How can I get them into form 8949?

thanks

Best answer by fanfare

"If more than 100 transactions are reported in the Quick Entry Table, transactions for Box A and D of Form 8949 that require no adjustments will automatically be summarized and bypass Form 8949 for lines 1a and 8a of Schedule D. This significantly reduces the size of the tax return which generally makes it easier to print and e-file the return." Does this mean that the transactions are NOT required to be reported on 8949?

IRS requires details for all Sell Transactions.

EXCEPTION: if you aggregate Box A or Box D transactions with no adjustments, Form 8949 is not required. No mailing is necessary.

You have the option if you choose, to detail those transactions on your Form 8949 anyway.

TurboTax is denying you this option.

This is a bug, not a feature.

M

Mike9241

the quick entry table is for all security sales of types A or D (proceeds and cost basis reported to the IRS) where there are no wash sales or other adjustments, these carry directly to schedule D and not to form 8949

this is in accordance with IRS rules and procedures.

of course, if you want you can delete the info in the Quick Entry table and enter each of the 200 transactions separately.

S

starfishtAuthor

I'm confused. The quick entry table obviously does not go to the IRS. So the IRS will not get the individual entries for these transactions, only their total capital gain on schedule D. Doesn't the IRS require that the individual transactions be entered (on form 8949)?

S

starfishtAuthor

"If more than 100 transactions are reported in the Quick Entry Table, transactions for Box A and D of Form 8949 that require no adjustments will automatically be summarized and bypass Form 8949 for lines 1a and 8a of Schedule D. This significantly reduces the size of the tax return which generally makes it easier to print and e-file the return." Does this mean that the transactions are NOT required to be reported on 8949?