Form 8949 "Exception 2"

See also:

Below are excerpts from the IRS Instructions for Form 8949 (emphasis and bullets added).

There are exceptions to the rule that you must report each of your transactions on a separate row of Part I or Part II. Any taxpayer who qualifies can use Exception 1 or Exception 2.

Exception 2.

Instead of reporting each of your transactions on a separate row of Part I or II, you can report them on an attached statement containing all the same information as Parts I and II and in a similar format.

How the Form8949.com App Implements Form 8949 Exception 2

Form 8949

The Form 8949 does not show each transaction. It shows a line that references the attached statement.

Statement

Our statement contains all the same information as Form 8949 and is in a similar format. It shows more transactions per page, saving paper.

The instructions explain further:

Instead of reporting each of your transactions on a separate row of Part I or II, you can report them on an attached statement containing all the same information as Parts I and II and in a similar format, that is

  • description of property
  • dates of acquisition and disposition
  • proceeds
  • basis
  • adjustment
  • code(s)
  • 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 wasn't 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.

Don't enter "Available upon request" and summary totals in lieu of reporting the details of each transaction on Part I or II or attached statements.