Ron Hardin wrote:

- quote -

Huh? You're just now filing your 1986 tax return?

ChEAr$,
Harlan Lunsford, EA n LA

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- quote -

I'm shocked!

Wouldn't really surprise me. Never did understand why they
needed both an 8453 and an 8879 - seems they could have a
single authorization form that would serve both purposes.
New York eliminated the state version of the 8453 form two
years ago - we now MUST use PINs. But they also still
require copies of the C, D, E, etc. even though there's no
way to submit paper attachments to the D to the state.

--
Don EA in Upstate NY

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- quote -

Sometimes the right hand doesn't know --- you know.

Wait and see.

--

ArtKamlet at a o l dot c o m Columbus OH K2PZH

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- quote -

Coincidence - they released the draft 2007 8453 today!
http://www.irs.gov/pub/irs-dft/f8453--dft.pdf

Oops - guess today is 6/29/07, not 5/29/07.

--
Don EA in Upstate NY

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NadCixelsyd <nadcixelsyd[at]aol.com> wrote:

- quote -

More than required.

All you needed was one line in Part I short term, and one
line in Part II, long term, each saying See Attached and
listing the column totals from your substitute for a
schedule D-1.

The loss and gain amounts would be combined together into
one net figure.

If e-filing, you would attach the 200 trasnactions to your
form 8453.

Next year they will not have any 8453, and it will be
interesting to see how they handle this situation.

--
ArtKamlet at a o l dot c o m Columbus OH K2PZH

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Mark Bole wrote:

- quote -

I just attached several pages of computer printout in 1986,
and drew no complaint, though I modelled the information
there on what appeared on Sched D. Anyway that was long
ago, if you need a long-ago data point.

--
Ron Hardin
rhhardin[at]mindspring.com

On the internet, nobody knows you're a jerk.

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NadCixelsyd wrote:

- quote -

Dan...

Per 2006 instructions for Schedule D you should be OK if
your attachments contain the same information as, and a
format similar to, Schedule D or D-1. This is in contrast
to previous years when the IRS instructed to *not* provide a
"substitute" Schedule D-1.

-Mark Bole

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NadCixelsyd <nadcixel...[at]aol.com> wrote:

- quote -

Your broker's statements were probably in a format similar
enough to the Schedule D-1 that the IRS has no reason to
complain that they didn't get enough informaion. (Item
description, date of purchase, date of sale, cost, sale
proceeds and Profit/loss). However, your broker probably
did not isolate wash sales so you could offset those losses
with wash sale adjustments, and for that you can expect some
inquiry from the IRS.

You only needed two line entries on Schedule D, combining
gains and losses for short term on line 2, and long term
transactions on line 9 of Schedule D.

You should find any wash sales on your broker's statements
and make appropriate correcting entries. (unless you use a
program to find and adjust them)and report on line 2 or 9
the adjusted amounts.

ed

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NadCixelsyd <nadcixel...[at]aol.com> wrote:

- quote -

I presume you're asking at this point in time out of idle
curiousity.

The IRS has a strong preference for the attached detail to
present the transactions in a specific format very similar
to the format on Schedule D (Schdule D-1 comes to mind).
What their reaction is to other formats probably depends on
some IRS employee's mood at the time.

How about letting us know if you do get any reaction at all from the
IRS.

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Schedule 1040D1. 25 line continuations for STG and LTG.
Add as many as needed.

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"NadCixelsyd" <nadcixelsyd[at]aol.com> wrote:

- quote -

No you should not get a letter, the method you used is
acceptable. This past tax season one of my client's brokers
was able to e-mail me a file with the year's regonized
capital gains and losses. It only took about two minutes to
arrange the schedule in a manner to my liking in Excel.

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Thanks to my broker, I had about 200 capital gain
transactions last year. They were computer sumarized as to
the gain/loss for each sale but they were listed on 14 pages
of computer print out: 13 pages of short term transactions
and one page of long-term.

When I did my taxes over the weekend, I just put four lines
on my schedule D: short term gain, short term loss, long
term gain, and long term loss. Each line was the total of
each category as provided by my broker. I then wrote, "SEE
ATTACHED DETAIL" and included copies of the 14 computer
pages.

How should I have done it? Am I gonna get a nasty note from
the boys at the service center?

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