Schedule D transactions

[DTS]

Various

My software allows "various" on the purchase and sale dates. Also, allows the option of checking long or short. No bad diagnostics. Must be the same for other software.

I have only attached the complete broker sheet to a return one time, last year. This couple had over 15,000 trades for the year. That would have amounted to a $41,250 Schedule D. I lost my nerve!

Dennis

[sea-tax]

My software allows "various" on the purchase and sale dates. Also, allows the option of checking long or short. No bad diagnostics. Must be the same for other software.

I have only attached the complete broker sheet to a return one time, last year. This couple had over 15,000 trades for the year. That would have amounted to a $41,250 Schedule D. I lost my nerve!

Dennis

I would be intersted to know how much money they made with all those trades. I mean net gain.

I would venture to say that is was marginal at best, but maybe not.
DTS could you give me a little more info?

[DTS]

Sea-tax...

There was a loss of almost $43,000, all short, plus a $18,000 carryforward from the previous year.

His last words to me were that he had learned his lesson!

Dennis

[RLymanC]

Various not OK for Stocks

I believe the IRS wants actual purchase dates enter for stock purchases, not various.
Various is OK for mutual funds.

[DonPriebe]

The book saith ...

See the instructions for Schedule D, page D-6, third column, fifth paragraph.