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URL:  http://boards.fool.com/ltltltquestion-on-tax-qampa-for-3598--10122467.aspx

Subject:  Re: Tax Q&A 3/5/98 - Schedule D Date:  3/7/1998  10:55 AM
Author:  Travzila Number:  2467 of 121316

<<<Question on Tax Q&A for 3/5/98 -
The text recommends that you check your work by
comparing net capital gains in line 17 to the
total of lines 36, 40, 46, and 50. They should
be exactly the same amount.

Rather, shouldn't the total of lines 36, 40, 46,
and 50 equal line 19 (total taxable income) minus
$41,200 (for married filing jointly)? Or line
17 plus amount of income over $41,200?

I've reviewed my Schedule D over and over and
can't reconcile the totals of lines 36, 40, 46,
and 50 to line 17 as recommended.>>>

I'm right there with you. I've reviewed, double-checked and re-analyized my Schedule D and cannot duplicate the suggested check method.

I agree with your check method that lines 36, 40, 46,
and 50 equal line 19 (total taxable income) minus
$41,200 (for married filing jointly) **with the figure not going below zero**. For me, Line 19 less $41,200 results in a negative number. Since lines 36, 40, 46, and 50 equal zero for me it certainly seems to be the proper method to checking one's figures.

If the author of the column, Roy Lewis, could offer a complete working example of Schedule D it would help to make this crystal clear. The verbiage helps to explain the tax forms, but being able to duplicate the verbiage with an example would help clarify even further. Travzila

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