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

To: bruce bell who wrote (1701)	1/1/1999 2:57:00 PM
From: Colin Cody	Read Replies (2) \| Respond to of 5810

Bruce, In example 1. I have a $6000loss on investors stocks and a $10000 gain on trader's stocks? How do I show this on Sch D? or where? 1. If you have $6000 loss from investors stocks and a $12,000 gain [10,000 gain in trader stocks] can you offset the gain with the loss and if you can which schedule do you use? Depends on what type of $12,000 gain you have. If you mean a $12,000 gain from stocks, then it all goes on Sch D Again, it generally all goes on Sch D, no difference between an "investor sale" or a "traders sales". Read Sch D instruction for the self explanatory explanation on how to show stock sales. Also read my earlier post to you about discussing this with your tax advisor if your personal situation warrants it, so you can work out the "gray areas" that a select few number of people may run across. Colin