In misc.taxes.moderated, dman81 wrote:

- quote -

I don't know that it would differ from somebody doing a shorted
stock sale by hand. The acquired date is later than the date sold.

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In article <bb6dffa4-1422-491d-a453-535f95082f9b[at]y38g2000prg.googlegroups.com> ,
dman81 <danielayala81[at]gmail.com> wrote:
- quote -


I am not a TT user so cannot help you with the software.



But if you received a 109-B for the short sale, make a note
on Schedule D "the following transactions are all short sales
which remained open at year end" and then list the description
and sales amounts.


A less recommended method is not to do this, but to attach a note
which the data entry clerk will hide away for posterity, explaining
that Forms 1099-B Sales amount include short sales which remained open
at year end of $XXXX. Actually TT might allow an attached note, which
will almost certainly be ignored. Putting the sales directly on the
Schedule D makes the CP-2000 AUR program happy, and that's good for you.

--


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

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

"dman81" wrote:

- quote -

Between the Schedule D instructions and TT help you should be able to figure
this out.

--
Phil Marti
Clarksburg, MD

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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 am using TT premier but I am a little unsure on how to report these
types of transactions. Please advise. Thanks!

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