Shorting stocks: High fliers Message Board

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Strategies & Market Trends : Shorting stocks: High fliers

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To: chester lee who wrote (625)	1/6/1999 8:14:00 AM
From: Q.	Read Replies (1) of 709

I've always attached the note that says: "re. Schedule D, total sales reported on forms 1099B and on Schedule D are different, due to uncovered short sales." From what I've read, the IRS computers will kick your return out if these two totals don't match, so it is necessary for you to have something in your return for the human to look at when that happens. In my case it is that note. As far as tax programs, I've used both TurboTax (= MacInTax) and TaxCut, and they were very similar. TaxCut is cheaper at $10 at an office superstore, so I migrated to that. It will read your last years files in TurboTax, so that makes migration pretty easy. TurboTax's state tax form was pretty unintelligent, not any better than filling the form out by hand, so I don't pay extra for the state forms anymore.

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