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Financial Planning / Tax Strategies


Subject:  Re: Taxact? Date:  4/8/2007  4:24 PM
Author:  DeltaOne81 Number:  93775 of 127613

Hey all, first time trying do taxes with stocks being sold on my own, I tried using the free taxaxt software, but seems like it wants me to create a 1099-B for each transaction throughout the year!

There is no actual difference between 10 1099-Bs with one transaction each, and 1 1099-B with 10 transactions (so long as all the details are the same). I agree that TaxAct isn't always entirely clear on some things, but if you know what you're doing, you can't beat the price :)

But, if you do use TaxAct, just enter each transaction one entry at a time, and then just be sure that your final tax return is correct.

If you need more help, you may want to go with more refined (and costly) software.

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