Hello,

I am e-filing my federal return and after finishing my return the site is asking me to print form 8453 and mail it along with summary statement.

I have included code M in form 8949 since I wanted to summarize my stock transactions instead of reporting them individually. I don't have any wash sales in the summarized transactions but I do have a 8949 with box F checked. Also, for some Employee Stock Plan stock sales I did adjust the cost or basis (used code B).

Now, my question is there a way I can get away from printing 8453, 8949, 1099-B and mailing them? Please advise.

Thanks.

Unfortunately, submitting tax transaction summary using IRS Form 8453 is an all-or-nothing affair. You either submit the stock transaction summary with the Form 8453, or you manually enter each stock transaction on Form 8949. There is no middle ground.

Since you have commited to sending the Form 8453, you DO need to mail it. You can attach a explanatory sheet addressing those peculiar transactions you cited.

Thanks for the quick response.

Will I have to send form 8453 even if I only adjust the cost basis of Employee Stock Plan sales (use code B on form 8949) and enter all transactions manually?

If you have entered all of the stock transactions manually and (hopefully) properly adjusted the cost basis using Code B on the Form 8949, then all of the information on the summary statement has been manually entered via the tax software on Form 8949.

That being the case, submission of IRS Form 8453 would be redundant and probably would just cause confusion.

Given these facts, you should ignore the prompting from the tax software and NOT submit the stock transactions summary using Form 8453.

Sounds good, thanks again.

Glad to help!