Question

Form 8949

Forum|Forum|1 year ago
February 12, 2025
1 reply
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Hello.

First if this post goes through correctly I'm going to buy a lottery ticket. 🙂

Hello.

I am filing an amended return for 2022, which includes a new schedule D and for 8949. While proofing the 1040 - X the classification of a long-term sale was changed from D (reported on 1099-B) to E. I deleted and reentered the information 3 times to be sure I had not made a mistake. This change was not made on a long-term sale conducted by a different investment company.

Any hypothesis as to why the change is occurring and is it safe to go ahead and file my return?

Thank you for your time.

Kelley

T

ThomasM125

I'm not sure why the code is being changed. It is safe to file your return as the classification from D to E will still mean the gain will be treated as long-term. The worst that could happen is that the IRS would question the classification, but the tax would stay the same regardless, so no additional tax or penalty would be due.

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