How to efile?

You may e-file, but do not use a pin. You need to mail in Form 8453 with your Schedule D-1 attachment. If you generate an 8879, you didn't do it properly.

See:

I think some of my information is out-dated, as the 8453 is no longer a signature document. At any rate, if you generate an 8453, you filed correctly and only need to mail in the 8453 with your substitute Schedule D-1 (your brokerage statement).

If you efiled you will have generated an 8879 and also an 8453. That's where the efin and DCN and PINs are recorded.

Only the 8453 and its attachment(s) get mailed to the iRS.

My accountant never mailed anything in. Did he do it wrong then? I thought the IRS would need the statement, but he said no.

Yes, the accountant did it wrong. If you put only summary entries on Schedule D, you are supposed to mail in the statements showing the details.

Bob Sandler

"mort" wrote

If your previous tax preparer entered each transaction on the Schedule D and it's overflow statements, then there is absolutely no reason to send in any supporting documents such as the broker statements. That the IRS never contacted you about your returns means that the gross sales totals on Schedule D matched the amounts from the brokers statement(s).

If you enter each and every transaction on Schedule D and it's overflow statements - then there is absolutely no reason to send in any supporting documents. Your software has some entry screen(s) for Schedule D, fill it out with every single sale transaction and it'll place it where it needs to be.

Chances are that no one at the IRS will even look at your brokerage account if you did mail it in.

Okay, I have read over the form and understand how it works. Was it the same in 2006 and 2007? Thanks

Form 8453 for tax year 2006 was a form with a signature and was changed drastically into a no signature, transmital only form for tax year 2007.

I just printed out the 8453 and 8879 for 2006 and 2007.

I understand the 2007. 8879 is an authorization to efile, and 8453 is used to send in supporting documentation when efiling.

The 2006 8879 is the same as the 2007; but the 2006 8453 is a little confusing.

I do appreciate your patience on all this.

"mort" wrote

If you, or your accountant, used software to generate the D-1 forms, those were e-filed to the IRS with the return.

Sending in copies of your brokerage statements isn't necessary. They have all the data necessary on the D and D-1's.

The 2006 8453 is in lieu of the 8879. In 2006, you did not have both the 8453 and 8879 for the same tax return.

If you had attachments then in 2006 you attached them to the

In 2007 if you had attachments, the 8453 was sent to the IRS with attachment and the 8879 stayed home.