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Level 3
March 15, 2022
Solved

How can I generate Form 8949 part 2? I see part one in my forms but the full form is not populating.

  • March 15, 2022
  • 1 reply
  • 8 views
Charles Schwab account
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Best answer by George4Tacks

Yes it is the same amounts that I need to show up on the 8949 Part 2. Amount are only show on part 8a.


The program is doing thing as they should be. The 8949 is not required for "covered" transactions. If you really want to use more pixels and/or paper and see a single line that really does not say much on the 8949, then you must:

Go to Dispositions

in the upper right click Carryovers/Misc Info

Scroll down to the  bottom entry and input a 1

When you are done, spend a bit of time with the instructions for Schedule D. In particular  the paragraph in the lower left of the first page with a link for Lines 1a and 8a

1 reply

George4Tacks
Level 15
March 15, 2022

You get part 2 by indicating that the basis is NOT reported

If you imported, then you need to make that entry for every unreported basis - royal pain!

Answers are easy. Questions are hard!
Level 3
March 15, 2022

But it was reported to the IRS, I need box D checked and it isn’t populating. Only Part 1

George4Tacks
Level 15
March 15, 2022

For box D, you need purchase date and sale date to be a year and a day apart or more. It also needs to indicate that the basis is reported. 

I misspoke in my earlier post. How many transactions do you have? 

Answers are easy. Questions are hard!