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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Rambi who wrote (55452)8/7/1999 8:29:00 PM
From: Alias Shrugged   of 86076
 
Hi Rambi!

How desperate are you?

Worst case (assuming all gains/losses are short term), calculate your return, post the gain (or loss) on Sch D, write in "see Attached" on the first line of Sch D where your individual trades should appear, and attach a copy of your brokerage statement.

Your taxes will be accurate, and IF they question the return, take the time to properly fill out the form at that point.

Return = Ending balance less beginning balance less cashflow (money in is pos. cashflow; money out is neg cashflow) less int. and div.

Good Luck.
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