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

To: Tom Hua who wrote (2017)	3/20/1999 3:56:00 PM
From: Nelson Chang	Respond to of 5810

Tom, Re: Short sales and schedule D You may want to try just printing out your capital gains and losses and using that as Schedule D, since Turbo Tax makes you do negative cost basis'. That would be a HUGE hassle for me as maybe 20% of my trades last year were shorts. And I had several thousand transactions last year. Quicken Deluxe which I use also allows you to print these reports out. And I don't see why you cant use them for your Capital Gains and Losses Schedule since the columns can be made exactly the same. p.s. make any money off your EFAX short? :)

To: Tom Hua who wrote (2017)	3/20/1999 5:14:00 PM
From: Colin Cody	Read Replies (2) \| Respond to of 5810

Tom, I know that many people use Quicken to accumulate their tax records, and it works just great. For the short sales? If only a few of them, just keep the trade tickets in a separate file-folder and do them manually. If you have a lot of them, export Quicken into an Excel spreadsheet (so you see the format they use in Excel) and then delete all those transactions, leaving just the headers footers and maybe one transaction as a format line. Then enter the short trades manually into Excel. Colin