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Financial Planning / Tax Strategies


Subject:  Re: Cost basis calculation (whadda headache) Date:  2/2/2000  3:41 PM
Author:  ciro04 Number:  26805 of 127745

doesn't matter as long as you sold them together ( one sale ), and they were all either long term or short term. ------ if the sales are both long, and short term, then you figure seperate, proceeds,--- long term,----- and proceeds, short term. --YOU HAVE TO GIVE THEM FIGURES ASKED FOR ON THE FORM, OTHERWISE THEY RETURN AND MUST BE CORRECTEED AND SENT IN AGAIN.-i'm hoping for some changes to be made at IRS, so you can just copy the year end report you get from your broker and send it in. right now my wife does it long hand and it certainly is a pain in the butt and it requires much writing and checking. this may not help you, but i don't know how to use the software for taxes. it seems like more work, (typing and longhand.)-- i had about 200 trades in 99. we're just about done with our return.
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