George4Tacks
Level 15

For the most part, TRUST THE SOFTWARE.

If you have either a long term or short term transaction reported WITH BASIS they do not need to go to form 8949. That is why your first transaction (and potentially a whole bunch of transactions) should show up as a total of all long (8a) or short (1a) transactions. Those without basis MUST show up on 8949. 

You can FORCE everything to 8949 if you have a picky client that wants to see every transaction, but IRS doesn't care. The brokerage already told them, so there is no need to repeat it. 

 


Answers are easy. Questions are hard!