"Gil Faver" <rowdy'sboss[at]xxyz.com> wrote in message
news:mSzIj.118716$cQ1.27656[at]bgtnsc04-news.ops.worldnet.att.net...

- quote -

I tracked it down to a single line in Qkn that WAS dl'ed from the broker but
was "mis-coded" in Qkn so it wasn't included in the Qkn Cap Gains TXF.
Once I corrected the shares buy/sell history in Qkn the item was corrected
to a Sell and everything matched - the Qkn Cap Gain agrees with the Broker
1099B.
phew!
Thx for all of the ideas.
Geo.

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"dpb" <none[at]non.net> wrote in message news:ft1q3l$81t$1[at]aioe.org...
- quote -

Time spent ensuring that my preferred brewery remained productive is more
worthy.

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GSalisbury wrote:
- quote -

Should be able to save the pdf to a file and then import that file into
a spreadsheet as a text file I'd think...

But, being (the engineer) who suggested the pragmatic approach, that's
getting to the point of effort that for $20 or less I'd probably think
my time more entertainingly spent elsewhere...

--

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In misc.taxes.moderated, GSalisbury wrote:

- quote -

You can often do a text copy from the PDF. Then paste into your
spreadsheet. If pasting into Excel, do the special paste as text.
This may or may not be formatted well enough to work with.

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"DF2" <replyvia[at]newsgroup_please.com> wrote in message
- quote -

This is a good idea and I can see how it would make it easier to narrow the
focus.
Unfortunately, for me, the brokerage schedule is only in paper form on the
1099 detail. Their site doesn't have a d/l of it other than an image PDF.

- quote -

If I can't somehow spot the difference by eyeballing the two documents and
crossing off matches then I'll probably just go ahead and do the add
something route - the tax difference too me would be in the noise.
Thx

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In misc.taxes.moderated, GSalisbury wrote:

- quote -

Can't you paste a Quicken [note tht I ws abl 2 dfr yr stct] report
into a spreadsheet sorted by date to produce a running total, do the
same with the schedule from your broker, and see where the totals
diverge?

Otherwise, consider adding an extra item schedule D labeled as "Cash
in lieu" with a Various acquisition date for the difference. There
is a fair chance that CIL was where the difference came from anyway.

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

"Gil Faver" <rowdy'sboss[at]xxyz.com> wrote in message
news:mSzIj.118716$cQ1.27656[at]bgtnsc04-news.ops.worldnet.att.net...
- quote -

pragmatic (I call it lazy), I would like to do nothing but I know I can't<g
I just hope matching a Qkn Report to the 1099 detail is all I have to do -
not travel thru twelve months of statements - that would be a pain.
Geo.

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

"Mark Bole" <makbo[at]pacbell.net> wrote in message
newsPBIj.36810$J41.12951[at]newssvr14.news.prodigy.net...
- quote -

The "it" reconciled so far was the gross on the 1099 to the "gross" reported
and extracted from Qkn.
I haven't yet matched the detail of the 1099 to the detail from Qkn.
That's what I looking to duck - there's enough of them that my eyes are
glassy before starting.
The Qkn numbers agree within the Tax Summary and Capital Gains Reports and
the TXF import into TaxCut agrees with them - they all better sync up
otherwise I don't even want to think about it.
I suspect that we lost some d/l'ing sometime during the year.
We connect to d/l nearly every day.
There had to be issues connecting etc. at least once - there always is - so
maybe a line got lost.
Geo.

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

GSalisbury wrote:
- quote -

The thread has gone off on a discussion of rounding errors and what the
IRS considers de minimis on a 1099-B.

I would track back and ask, what is the "it" that you are able to
reconcile within $129? The gross proceeds reported on 1099-B? The net
proceeds reported on 1099-B? The Quicken TXF file? (not an official IRS
reporting document, by the way). Are commissions and transaction costs
being properly accounted for?

It is rare that you can't match the sales price number reported on
1099-B, although I have seen one case from a major brokerage (with
assistance from a colleague) where a single transaction was reported in
the brokerage detail both as a short term with zero gain/loss and a long
term with the actual gain/loss. It wasn't until the double entry was
eliminated that the numbers matched up.

-Mark Bole

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

"GSalisbury" <salsburyg.at.comcast.dot.net[at]giganews.com> wrote in message
news:a7ydnf9HcKk9X2_anZ2dnUVZ_o6knZ2d[at]comcast.com...
- quote -


you could just use the higher number on the 1099, and save yourself the
trouble. Of course, you won't. Neither would I. But we COULD . . .

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GSalisbury wrote:
....

- quote -

going to contest their 1099 number, I'd probably simply fudge one or two
trades to match it unless it became obvious after a relatively short
time--the amount of difference in taxes has to be $20 or so, max.

IIF (if and only if) I were completely done w/ the whole return
otherwise and had time to kill would I bother more -- but then again,
I'm not a pro, either, just pragmatic and willing to bend where it seems
there's nothing to be gained otherwise...

--

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"Paul Thomas, CPA" <paulthomascpapc[at]bellsouth.net> wrote in message
news:bBtIj.25508$dT.21998[at]bignews1.bellsouth.net...
- quote -

I kinda expected that I'd have to chase after kind of the difference but...
I was hoping maybe to get some sort of a free pass - you know "take a
chance..."
Oh Well.
It's just a couple of hundred lines on both the 1099 and the Qkn Report -
can knock that out in a couple of days<gThx.
Geo.

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

"Gil Faver" <rowdy'sboss[at]xxyz.com> wrote
- quote -


It is based on the fact that the IRS will get a total gross sales on the B
that is $129 more than the shown gross proceeds listed on the D.

I'm quite sure the computer will catch that one.






- quote -


It's not when the computer is looking for gross of $1,000,129.

Would you do that on the W-2? Just round off to the nearest grand?




--
Paul A. Thomas, CPA
Athens, Georgia

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On Tue, 1 Apr 2008 13:10:04 EDT, "Gil Faver" <rowdy'sboss[at]xxyz.comwrote:

- quote -


The IRS has a threshhold amount, but they won't come out and say what
it is; I've heard $50 and $100, both from people in a position to
know. The IRS compares your return to the 1099s and if it's within
the threshhold amount, then it's close enough. If it's not within the
threshhold amount, then it is not close enough. It does not depend on
the level of total income as far as I know.

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"Paul Thomas, CPA" <paulthomascpapc[at]bellsouth.net> wrote in message
news:bBtIj.25508$dT.21998[at]bignews1.bellsouth.net...
- quote -

does your advise assume a certain level of total income shown on the 1099B?
If it were $1M, would you say $129 is close enough? Just curious how these
things are handled. I've never been so far off as $129, but at some point
for a couple of taxable years, I just threw in the towel.

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"GSalisbury" <salsburyg.at.comcast.dot.net[at]giganews.com> wrote
- quote -




That's a tad outside of just a rounding error.




- quote -



You need to figure it out. It's probably a grouping of fractional shares on
splits, spins, mergers, etc.





--
Paul A. Thomas, CPA
Athens, Georgia

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Received a 1099-B from Broker.
Have been able to reconcile it to within $129.
Is that close enough?
As far as we know now all of the brokerage lines have been d/l'ed into Qkn
thruout the year.
The Qkn TXF export sums to the $129 shortage.
Is that within some tolerance or do we have to go on a search and destroy
mission?
Thanks for your thoughts.
Geo. Salisbury
Long Valley, NJ

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