In article <VUfFj.45767$097.31407[at]newsfe21.lga> ,
Jeff <Willliam[at]naol.com> wrote:
- quote -


Only for efiling. If you file a paper return just label the
D-1 equivalent forms as attachemnts and attach.
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ArtKamlet at a o l dot c o m Columbus OH K2PZH

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MyVeryOwnSelf wrote:
- quote -

Thank you. I will look into it.

Jeff

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Brew1 wrote:
- quote -

Thank you very much. Is 8453 only for e-filing or also for regular
mailing?

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- quote -

To be more specific, there are two sheets: one for short-term and one for
long-term sales. These correspond to lines 1 and 8 of Schedule D.

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On Mar 22, 4:00*pm, DF2 <replyvia[at]newsgroup_please.com> wrote:
- quote -

Broker Statement." This will
generate an 8453 with "attach Schedule D-1 or equivalent" checked,
which you mail in
with your brokerage statement. So the return is e-filed with one form
sent into the IRS.

========================================= MODERATOR'S COMMENT:
Please delete all unnecessary material from the prior message when
responding.

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

- quote -

"Instead of reporting your transactions on
Schedules D and D-1, you can report them
on an attached statement containing all the
same information as Schedules D and D-1 and
in a similar format."

I am doing this with a spreadsheet having the same columns as in Schedule
D.


- quote -

Maybe the SB spreadsheet can be arranged like Schedule D easily, if it
isn't already that way.

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

In misc.taxes.moderated, Jeff wrote:

- quote -

Try getting the Smith Barney file to download to your computer as a
Tax Exchange File (TXF) from the SB website. Then import that to
TaxCut. I don't know that it will work there, but it is certainly
worth the try.

If it is an interface to TurboTax directly, you may be out of luck.
If it is the case that the file simply routes the file to your old
TurboTax, try downloading to a computer that has never had TurboTax
on it and see if the file comes in then. Alternatively, get rid of
the current file association for TXF files to TurboTax.

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

Haskel LaPort wrote:
- quote -

Mine (Smith Barney) does indeed let me download a spreadsheet of
realized gains and losses for the year. Is that the same as a 1099B
data? Can I just print out that Broker's report "of realized gains and
losses" and send it in with the tax return? Does it not have to be in
some special format that the Schedule D requires?

I am trying really hard to avoid entering all these transactions
manually into my tax program.

Jeff

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

DF2 wrote:
- quote -

Thank you for replying. Here is my problem.

I have both TurboTax and have since purchased TaxCut because of the
problem I will explain. In the past several years I have used TurboTax
to prepare my taxes downloading the relevant info from my broker
directly ionto TurboTax. This year when I tried to download the info,
TurboTax put up an error message saying that the download contained more
than 3,000 transactions and TurboTax was not designed to handle or
calculate that much (!). It aborted the parsing of the data into its
program and told me to contact Intuit support to get a refund. I called
them and they confirmed that TurboTax cannot handle more than 3,000
transactions. (I do not really want the refund. I want it to handle the
download!)

So, I purchased Taxcut (which I have avoided in the previous years
because it does not permit direct download import from the financial
institutions). Taxcut will allow import from Quicken (which I own) and
from a txf file. Unfortunately, my broker provides my 1099B data in the
form of a printed statement (means an enormous lot of manual entry
assuming that Taxcut can handle over 3,000 transactions which their
support said it could) or as a pdf file. I need to somehow convert the
pdf data from my borker into an Excel spreadsheet that I can then
convert into a txf file that Taxcut can import.

I do own Quicken Deluxe, but I am not that confident that the data I
have in it will match the 1099B that the broker sends to the IRS and
that could cause me problems with the IRS .......

I am trying desperately not to have to manually enter over 3,000
transactions!

Any suggestions or help appreciated.

Jeff

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

In misc.taxes.moderated, Jeff wrote:

- quote -

Yes. You can enter Various for the long- and short-term purchase
(acquired) dates, but you need to enter the actual sale date. Didn't
the 1099B list a date?

If you plan to be producing many more schedule Ds with TaxCut in the
future, you might want to consider Microsoft Money or Quicken. Enter
your past transactions, and either those can produce a file with
your schedule D info which can be imported to TaxCut.

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

Jeff wrote:
- quote -

I've done so in the past where I didn't have ready access to individual
transactions but did have the overall information. Just reported the
range of first-to-last dates for the group data to ensure it was clearly
either long- or short-term.

I didn't get questioned, but that doesn't mean they wouldn't ask for
details on somebody else.

Knowing the totals weren't fabricated, I figured at worst all I'd have
to do would be to take the effort to track the individual statements if
forced to do so.

--

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

"Jeff" <Willliam[at]naol.com> wrote in message
news:b65Fj.40569$0M3.35574[at]newsfe17.lga...
- quote -

The IRS wants the details submitted with the return. Many brokers, if they
maintain basis information for their client, can supply a report of realized
gains and losses that can be attached to the return.



- quote -

Please delete all unnecessary material from the prior message when you
respond.

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

I've had a lot of trades in 2007 which makes it a nightmare to enter
each one of these manually into my software (TaxCut).

Can I enter just the short term and long-term "totals" from my 1099B
broker forms and keep the 1099B details in my records to support any
questions? Would that be acceptable to the IRS?

If so, how would I enter the "purchase and sale dates" for the totals?

Thank you.

Jeff

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