8453 documentation

[Snaggletooth]

I think most of us have seen the seemingly-endless 1099-DIV and 1099-B from brokerage houses with hundreds and hundreds of transactions.

Last year, I believe the way to handle this was to photocopy the 1099-DIV/B and mail the documents to the IRS under the cover of Form 8453.
Is this still the preferred way?

I've opened form 8453 and my software doesn't list this as an option. It DOES however, list the 8949 as a possible attachment, but does not
list the anything for the Dividends.

[David1980]

I've never heard of doing 1099-div this way. Only 1099-b/stock sales. The 8949 instructions were expanded to include information on multiple line reporting (with the statement either being mailed with 8453 or attached as a PDF to the tax return and e-filed).

Exception 1.

Instead of reporting each of your transactions on a separate row of Part I or Part II, you can report them on an attached statement containing all the same information as Parts I and II and in a similar format (i.e., description of property, dates of acquisition and disposition, proceeds, basis, adjustment and code(s), and gain or (loss)). Use as many attached statements as you need. Enter the combined totals from all your attached statements on Parts I and II with the appropriate box checked.

For example, report on Part I with box B checked all short-term gains and losses from transactions your broker reported to you on a statement showing basis was not reported to the IRS. Enter the name of the broker followed by the words “see attached statement” in column (a). Leave columns (b) and (c) blank. Enter “M” in column (f). If other codes also apply, enter all of them in column (f). Enter the totals that apply in columns (d), (e), (g), and (h). If you have statements from more than one broker, report the totals from each broker on a separate row.

Do not enter “Available upon request” and summary totals in lieu of reporting the details of each transaction on Part I or II or attached statements.

With 1099-div you never had to list everything out separately anyway. If the taxpayer received a 1099-div with $1000 of dividends from 200 investments you didn't care about the detail just the 1099-div itself.

[taxea]

the IRS instructions for 8453 tell you what, where and when to file the form