- quote -

You're reinventing the wheel. We've done it all and you can
look at all the formulas for free at
www.edcosoft.com/qitc/html. What you want is in the 1040
worksheet in colulmn I starting at about Row 542, and the
Worksheet for line 53 is just above that if you have 25% or
28% gains in line 19 of 20. New 6251 is just above that.
Put in you tax status at the top and it'll calculate your
2003 taxes.

ed

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- quote -

That instruction is a "dummy" instruction. If they
followed the text above line 29 correctly, they would never
be on line 30 to start with. The text above line 29 says if
27 is more than 28, go to line 40. Line 29 is amount from
line 27, so line 30 is "subtract line 29 (line 27) from
line 28". The only way that results in a negative number is
if 29 is more than 28, in which case we already told them
to go to 40. But maybe we need to further idiot-proof it or
remove the If clause from 30 altogether. Don't know if we
have room to add "enter -0- and" to make it read "If zero
or less, enter -0- and go to line 40".

Helen, EA in PA
Member of The Tax Gang
President, PA Society of Enrolled Agents
Campaigning for NAEA Board of Directors - Looking for YOUR vote

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"A.G. Kalman" <agk202[at]netscape.net> wrote:
- quote -

Ed
www.edcosoft.com

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Stewart Rowe" <srowe[at]fuse.net> wrote:

- quote -

If Line 27 is more than Line 28, you are instructed to skip
Lines 29 to 39 and go to Line 40. In this instance, Line 30
would be blank and you would enter a zero on Line 41.

If Line 27 is not more than Line 28, you continue to Line
29. Line 30 will then either have a positive number or a
zero. If Line 30 is zero you skip to Line 40 and Line 41
would get a zero. If Line 30 has a positive number you
continue to Line 31.

Alan
http://taxtopics.net

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- quote -

Sent to the forms developer. I will post his answer as
soon as I get it.

Helen, EA in PA
Member of The Tax Gang
President, PA Society of Enrolled Agents
Campaigning for NAEA Board of Directors - Looking for YOUR vote

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In struggling to incorporate the 8/12/2003 draft of Sched D
into my spreadsheet, I find an instruction I'd like to
comment on. Part IV, line 30, says "Subtract line 29 from
line 28. If zero or less, go to line 40." Line 41 says
"Enter the amount from line 30 (if line 30 is blank, enter
-0-)"

Does the line 30 instruction mean "If zero or less, leave
blank and go to line 40"? That is, under what conditions
would line 30 be blank? Otherwise, if I get a negative
number in line 30, it is used in line 41.

If the answer is sparkling clear to any of you experts,
please enlighten me. Or if you agree that these instructions
need imorivement, one of you may wish to forward a comment
to the right person or department at IRS.

Stewart Rowe

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