Eli Posted March 2, 2010 Report Share Posted March 2, 2010 Client has several stock sales for 2009. Same fund, same sale date, but acquired on different dates. The 1099B has the acquired dates for each transaction. Can I group them & put 'various' for the acquired date on the Sch D or must I list them individually? Thanks! Eli Quote Link to comment Share on other sites More sharing options...
JRS Posted March 2, 2010 Report Share Posted March 2, 2010 According to the Schedule D instructions, you must list each transaction. They "emphasized" this last year. Whether they are pushing it, who knows. If you can, you can import the 1099 B as an excel file into the return. Inputing would probably take a lot less time. Quote Link to comment Share on other sites More sharing options...
Eli Posted March 2, 2010 Author Report Share Posted March 2, 2010 Thank you, JRS!! I will get to it I guess :-) Eli Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted March 3, 2010 Report Share Posted March 3, 2010 Hey Eli, how is everything in Texas? I agree the IRS does want these listed. You can use the various date option. I could be wrong but I think for numerous transactions JRS is correct except for I think you should attach the broker's 1099B to the 8453 and mail it in. If I'm wrong, someone will correct me. I hope you are doing well. Terry D. Quote Link to comment Share on other sites More sharing options...
jainen Posted March 3, 2010 Report Share Posted March 3, 2010 >> Same fund, same sale date, but acquired on different dates<< Presumably these were all disposed of in a single transaction, so you only need one entry on Schedule D. The 1099-B does NOT have all the dates acquired because there is no place on the form for them. You are no doubt looking at a supplemental schedule that is not sent to IRS. Quote Link to comment Share on other sites More sharing options...
Eli Posted March 3, 2010 Author Report Share Posted March 3, 2010 Hey Eli, how is everything in Texas? I agree the IRS does want these listed. You can use the various date option. I could be wrong but I think for numerous transactions JRS is correct except for I think you should attach the broker's 1099B to the 8453 and mail it in. If I'm wrong, someone will correct me. I hope you are doing well. Terry D. Hi Terry! Wel things are going well. Slowed down somewhat now. Still working at the refuge & keeping my head low :-) Seems there's at least one gun battle everyday now right across the border. Eventually it will spill across the border. How's the family? Eli Quote Link to comment Share on other sites More sharing options...
Eli Posted March 3, 2010 Author Report Share Posted March 3, 2010 >> Same fund, same sale date, but acquired on different dates<< Presumably these were all disposed of in a single transaction, so you only need one entry on Schedule D. The 1099-B does NOT have all the dates acquired because there is no place on the form for them. You are no doubt looking at a supplemental schedule that is not sent to IRS. Jainen, as usual you are correct. I was looking at was a tax statement personal summary. Well I had already entered 61 transactions. Glad you guys are around to help us 'rookies'. Thanks, Jainen! If you're ever down my way let me know & you'll get treated to a really good ribeye :-) Eli Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted March 3, 2010 Report Share Posted March 3, 2010 That ribeye wouldn't happen to be from a cow that is a casualty of the border wars, would it? Hope you are safe down there. Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
Eli Posted March 3, 2010 Author Report Share Posted March 3, 2010 Tom, If there was a cow casualty, believe me I wouldnt go anywhere near it :-) A new employee asked in a staff meeting today if pepper spray would be a good thing to carry just in case they come up to a smuggler(s). If you're close enough to use the pepper spray you're in deep doodoo! Eli Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted March 3, 2010 Report Share Posted March 3, 2010 Wow Eli, that is terrible. Stay safe and keep your head low. Better yet, buy a Kevlar vest and a helmet for you and Ivan. Take care and be careful. Quote Link to comment Share on other sites More sharing options...
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