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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (797)	3/27/1998 5:39:00 PM
From: Sidney Reilly	Read Replies (1) \| Respond to of 5810

Colin, I am not getting any response to my previous post. I just want to know how to enter on Schedule D a stock which I bought twice and sold once for a loss. Here is my post. Thanks for any help. Bob Schedule D "101" I bought a stock which went down (big surprise) and then averaged down. Sold several months later for loss. On Sched D how do I list it. The total shares I ended up with was 800 so I put that in column (a), then put both dates I bought in column (b) & # purchased next to date? c is date sold, d is sales price, e is cost of both buys plus commission, f is the loss. Is that right? Why not? Thanks. Held it less than a year. Do I have to do part 2, part 3, or part 4? Do I send in a copy of the form 1099 with my tax return? Thanks for some help, Bob.

To: Colin Cody who wrote (797)	3/29/1998 6:28:00 PM
From: Shoe	Respond to of 5810

"Long-term" loss on sale of mutual fund within 6 mos. -- 28% rate? When loss is converted to "long term" under the anti-"distribution capture" rule, can one offset 28% gain to the full extent of the 28% portion of the distribution, even if the total loss is less than the total capital gains distribution? Or must one take the full 20% portion first? Or prorate? Any authority on this point? And how does one get Turbotax to report the loss properly after importing all the trades by "link" from Quicken98? Thanks in advance for any responses. -- Shoe

To: Colin Cody who wrote (797)	3/29/1998 9:23:00 PM
From: Senor VS	Read Replies (3) \| Respond to of 5810

Hi Colin Thanks for your prompt response. Do I have to do itemized deductions in order to make margin interest deductible? ( I am claiming standard deductions only). Regards Ravi

To: Colin Cody who wrote (797)	4/5/1998 5:24:00 PM
From: andrew wu	Read Replies (1) \| Respond to of 5810

Colin, What is the difference between 4b and 4c in FORM-4952? I'm using TurboTax from Quicken and it lists the same amount for the 4b and 4c for me. Since the 4b and the 4c is the same, I could only deduct about $400 (which is my total interest income) out of about $2000 (which is the interest I paid for the margin I borrowed from my brokers). I have to carry over about $1600 for the next year. I'll be appreciated if you or anyone else could share the understanding/knowledge about difference between 4b and 4c. Thx, -andrew