Marie Posted February 11, 2013 Report Share Posted February 11, 2013 Client wants to report complete sale in year of sale. Where's the election? In the election/statements? on the Sch D? or by reporting the whole sale, by default are we electing out? Quote Link to comment Share on other sites More sharing options...
RitaB Posted February 11, 2013 Report Share Posted February 11, 2013 Marie, I found this, hope it helps: http://www.irs.gov/taxtopics/tc705.html Quote Link to comment Share on other sites More sharing options...
Marie Posted February 11, 2013 Author Report Share Posted February 11, 2013 Looks like all I have to do is report and I've elected out. Almost too easy. 1 Quote Link to comment Share on other sites More sharing options...
RitaB Posted February 11, 2013 Report Share Posted February 11, 2013 I know - scary, isn't it? Especially considering our other issues of late. Quote Link to comment Share on other sites More sharing options...
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