Re; 1040. Client Has Over 500 Trades On Nyse. How Do You E-file Without Having To List All Trades?
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Form 8453 & Schedule D
Duplicate post???
(My earlier response to Whom Ever above)
I recently made a similar inquiry to software folks.
1 - Form 8453 is needed as others have stated.
2 - Information on the statement must be consistent with that shown on Schedule D. I take that to mean the same sequence of information categories on both documents.
3 - ST/LT must be separated for the broker statement. Name of security sold is "Statement Attached" with purchase date of "Various" and a sale date of 12/31/2009.
Most software will automatically handle the mechanics of doing all of this.
In response to a specific question, I was told that you need to go through this process for each statement attached, i.e. five statements each covering one hundred transactions cannot be listed as a single "Statement attached" covering five hundred transactions. You would need five separate entries on Schedule D.
FE
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