re: IRS Tax Forms
Sonki, I think that if you include an attachment with all of your transactions listed according to category, i.e. short term capital loss/gain, mid-term capital loss/gain, and long-term cap loss/gain, with all the data the IRS requires: your cost basis and date of purchase, as well as proceeds and date of sale, you will be okay. (Be sure to include a separate detail report for each brokerage account you have)
Attach it to the IRS form required, where you enter your totals in each category with a note referring to your attachment.
If your totals agree with what your brokerage reports, the IRS should take it.
You might wish to call the IRS directly to verify this, but I think it should work. Remember, I am NOT an accountant or tax advisor.
Regards, 3. |
