MFA Submits Comment Letter to IRS on Form 8949

MFA submitted a comment letter to the IRS asking the IRS to consider exempting investment funds from Form 8949.  In the letter, MFA noted the IRS’ revised instructions to allow funds and other entities to report summary information instead of detailed information on all capital transactions.  MFA expressed concern; however, that the reconciliations that funds would have to perform to provide even summary information would impose significant burdens on funds and likely would not provide useful information to the IRS.

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