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

To: Leman who wrote (1802)	2/3/1999 2:14:00 AM
From: Box-By-The-Riviera™	Respond to of 5810

type or write them in, one at a time, on schedule D

To: Leman who wrote (1802)	2/3/1999 10:01:00 AM
From: Richard Forsythe	Read Replies (1) \| Respond to of 5810

Actually you can write a single line with the acquisition date as "various", as long as (1) they are all long term sales (or all short term) (2) the cost basis reflects the invested capital. Of course, (2) means you have to go through 10 years of records, but at least you don't submit a 1000 line sched D!!! This is the reason I stopped DRIPping...! Richard

To: Leman who wrote (1802)	2/3/1999 12:21:00 PM
From: RealMuLan	Read Replies (2) \| Respond to of 5810

The way I did is to format a spread sheet looks exactly like the Schedule D-1. And then fill in each items. And write a line like "please refer to the attached schedule D-1" on Schedule D but filling in the last line, which is the total, which is the same figure as your D-1 spread sheet last line. I am not trading much, but the rationale is the same. Keep a good habit. Download the data everyday after your trading or at least once a week, and put it in the D-1 spread sheet right after that. This will save you a great deal of time in the tax time. Of course, unless you want to hire an accountant.