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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: manalagi who wrote (62023)	3/24/2006 3:44:36 PM
From: katytrader	Read Replies (1) \| Respond to of 206097

Just enter the sale so that the proceeds total matches the broker's figures, then write "open position" or some such across the other spaces. I've done that and there were no questions...which is not to say that it was the right way to do it. katytrader

To: manalagi who wrote (62023)	3/24/2006 4:10:16 PM
From: ChanceIs	Read Replies (1) \| Respond to of 206097

>>>having a hard time filing Schedule "D" when I still have an open Short position at the end of the year<<< Thats another reason I use Excel. I keep a separate sheet for each security I trade, and a master or composite with the net for each security. I report to the IRS total sales, and total sales less wash and open shorts. On schedule D I write "see attached sheets", and the net sales and profit. Then I just attach all the spreadsheets. They haven't bothered me yet. I got a call once about an IRA rollover. We straightened it out on the phone in a few minutes. Not a problem. The IRS rules are completely unreasonable, but the people only slightly so. They get paid to resolve things. If you documented well, and can defend it, you should be fine with a correcting phone call.