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Posted by Jeff on April 5, 2008, 12:24 pm
Please log in for more thread options >> I have numerous (thousands) trades in 2007, so I plan to just enter
>> the
>> totals from my 1099 and send the details in a printed attachment.
>> Because I am using TaxCut which will print out the returns, where do
>> I
>> enter the term "See Attachment". Do I just handwrite it on the
>> return?
>
> I used TurboTax but TaxCut should be similar. In Schedule D line 1
> column
> (a), I entered "See short-term sales" into the software, and entered
> the
> column (d) - (f) total figures from the attachment into the software.
> Likewise for Line 8 and long-term, sales. I left columns (b) - (c)
> empty,
> and TurboTax didn't complain. I put the attachments where D-1 would
> usually
> go.
>
> This way, the tax software incorporates the figures properly in its
> computations. (The software allows "override," but I avoid that
> whenever
> possible.)
>
> On the attachments, I put a page heading kind of like to what the
> software
> puts for attachments: name and social security number at the top, then
> "Schedule D, line 1" then "Short-term sales." Likewise for Line 8 and
> long-
> term, sales.
>
> [Disclaimer: I'm not a tax pro, but am in the habit of paying taxes.]
>
Aren't we all :-(
Thanks for the detailed help.
Jeff
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