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Old 04-05-2008, 04:24 PM
Jeff
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Posts: n/a
Default Re: Schedule D and "See attachment"

news:Xns9A767C013AB03RCLQUSHB976[at]216.196.97.136...
- quote -

> > I have numerous (thousands) trades in 2007, so I plan to just enter
> > the
> > totals from my 1099 and send the details in a printed attachment.
> > Because I am using TaxCut which will print out the returns, where do
> > I
> > enter the term "See Attachment". Do I just handwrite it on the
> > return?

> I used TurboTax but TaxCut should be similar. In Schedule D line 1
> column
> (a), I entered "See short-term sales" into the software, and entered
> the
> column (d) - (f) total figures from the attachment into the software.
> Likewise for Line 8 and long-term, sales. I left columns (b) - (c)
> empty,
> and TurboTax didn't complain. I put the attachments where D-1 would
> usually
> go.
> This way, the tax software incorporates the figures properly in its
> computations. (The software allows "override," but I avoid that
> whenever
> possible.)
> On the attachments, I put a page heading kind of like to what the
> software
> puts for attachments: name and social security number at the top, then
> "Schedule D, line 1" then "Short-term sales." Likewise for Line 8 and
> long-
> term, sales.
> [Disclaimer: I'm not a tax pro, but am in the habit of paying taxes.]

Aren't we all :-(

Thanks for the detailed help.

Jeff

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >
  #2  
Old 04-04-2008, 09:43 PM
MyVeryOwnSelf
Guest
 
Posts: n/a
Default Re: Schedule D and "See attachment"

- quote -

> And did your software print out a form 8453 with instructions of how
> and to where the form should be mailed?


Thanks for the alert, but it's not relevant in my case.

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >
  #1  
Old 04-04-2008, 08:47 PM
Harlan Lunsford
Guest
 
Posts: n/a
Default Re: Schedule D and "See attachment"

MyVeryOwnSelf wrote:
- quote -

> I used TurboTax but TaxCut should be similar. In Schedule D line 1 column
> (a), I entered "See short-term sales" into the software, and entered the
> column (d) - (f) total figures from the attachment into the software.
> Likewise for Line 8 and long-term, sales. I left columns (b) - (c) empty,
> and TurboTax didn't complain. I put the attachments where D-1 would usually
> go.
> This way, the tax software incorporates the figures properly in its
> computations. (The software allows "override," but I avoid that whenever
> possible.)
> On the attachments, I put a page heading kind of like to what the software
> puts for attachments: name and social security number at the top, then
> "Schedule D, line 1" then "Short-term sales." Likewise for Line 8 and long-
> term, sales.
> [Disclaimer: I'm not a tax pro, but am in the habit of paying taxes.]


And did your software print out a form 8453 with instructions of how and
to where the form should be mailed?

ChEAr$,
Harlan Lunsford, EA n LA

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >
 
Old 04-04-2008, 08:07 PM
MyVeryOwnSelf
Guest
 
Posts: n/a
Default Re: Schedule D and "See attachment"

- quote -

> I have numerous (thousands) trades in 2007, so I plan to just enter the
> totals from my 1099 and send the details in a printed attachment.
> Because I am using TaxCut which will print out the returns, where do I
> enter the term "See Attachment". Do I just handwrite it on the return?


I used TurboTax but TaxCut should be similar. In Schedule D line 1 column
(a), I entered "See short-term sales" into the software, and entered the
column (d) - (f) total figures from the attachment into the software.
Likewise for Line 8 and long-term, sales. I left columns (b) - (c) empty,
and TurboTax didn't complain. I put the attachments where D-1 would usually
go.

This way, the tax software incorporates the figures properly in its
computations. (The software allows "override," but I avoid that whenever
possible.)

On the attachments, I put a page heading kind of like to what the software
puts for attachments: name and social security number at the top, then
"Schedule D, line 1" then "Short-term sales." Likewise for Line 8 and long-
term, sales.

[Disclaimer: I'm not a tax pro, but am in the habit of paying taxes.]

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >
  #-1  
Old 04-04-2008, 05:32 PM
Jeff
Guest
 
Posts: n/a
Default Schedule D and "See attachment"

I have numerous (thousands) trades in 2007, so I plan to just enter the
totals from my 1099 and send the details in a printed attachment.
Because I am using TaxCut which will print out the returns, where do I
enter the term "See Attachment". Do I just handwrite it on the return?

Thanks

Jeff

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

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