runtwoday wrote:
- quote -

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

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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?

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >