|
Posted by dc on April 14, 2007, 12:36 pm
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Thank you very much Jim.
I guess the amount the broker reported to the IRS is the same as the
1099 they sent to me.
I was concerned about them sending separate 1099's to IRS, like for
the interest on pool account, since there is an account sweep that
goes into dividend and interest on a daily basis. I didn't know if
they treated this part of it differently than P&L on Sales. Not
looking forward to getting into this at all.
Guess you would call me a "Crastinator", cause I sure ain't a Pro.
regards,
dcdon
wrote:
|
| >Hello,
| >
| >Is it possible to download trade files into Quicken to generate a
| >Schedule D, and can those items be edited prior to preparing the
| >schedule, or is Quickbooks necessary to accomplish this task.
| >
| >Thanks in Advance,
| >dcdon
| >
| My broker - Raymond James, will let you download data into the
| Schedule D input form. Also does 1099 data.
| I found a few cases where the downloaded info differed from that
sent
| with the 1099. You can edit it in the input form (not the Schedule
D
| that goes to IRS.) Was easy to do. I printed the input out and
| compared with the mailed stuff. Saved a lot of work, because almost
| all the info that was exported from Quicken differed.
| What you need to do is match the total sales number that the broker
| reports to the IRS.
|
|
Posted by dc on April 14, 2007, 12:43 pm
Please log in for more thread options
Sorry for the ontop posting
dcdon
wrote:
|
| >Hello,
| >
| >Is it possible to download trade files into Quicken to generate a
| >Schedule D, and can those items be edited prior to preparing the
| >schedule, or is Quickbooks necessary to accomplish this task.
| >
| >Thanks in Advance,
| >dcdon
| >
| My broker - Raymond James, will let you download data into the
| Schedule D input form. Also does 1099 data.
| I found a few cases where the downloaded info differed from that
sent
| with the 1099. You can edit it in the input form (not the Schedule
D
| that goes to IRS.) Was easy to do. I printed the input out and
| compared with the mailed stuff. Saved a lot of work, because almost
| all the info that was exported from Quicken differed.
| What you need to do is match the total sales number that the broker
| reports to the IRS.
|
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