|
Posted by Mark Bole on February 2, 2008, 8:47 pm
Please log in for more thread options
runtwoday wrote:
> Pub 564 states "If you received a capital gain distribution or were
> allocated an undistributed capital gain as a nominee, report only the
> amount that belongs to you on line 10 of Form 1040A, line 13 of Form
> 1040, or Schedule D (Form 1040), whichever is appropriate. Attach a
> statement to your return showing the full amount you received or were
> allocated and the amount you received or were allocated as a nominee."
>
> In TurboTax if you enter nominee capital gains as a separate 1099-DIV
> the statement is created and sent as part of the e-filing. Entering
> nominee gain as a separate 1099-DIV or 1099-B entry, neither TaxCut nor
> TaxAct generate the required statement.
>
> The IRS suggested I simply not enter the nominee cap gains, e-file the
> return, then send the statement with Form 8453-OL so the statement is
> linked to the electronic return.
>
> Comments?
>
Yes, why did you need to start a new thread?
The primary concern in both of your threads seems to be the generation
of an e-filed statement. I suspect any and all of the products you
mention should be able to include a generic statement of any kind with
your e-filed return, so why not just write up your own statement for
e-filing? There's nothing magic about a statement generated by the
software vs. one your write yourself.
-Mark Bole
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap