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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 124777  
Subject: Re: Tackled Form 8949 Date: 2/2/2012 12:16 PM
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I'd love to see an impartial study of the additional tax revenue vs. the cost of preparing and processing all those 8949's.

It'll probably pay for itself a couple of times over in the first year alone.

From 8949 is really just an expansion of the old Schedule D. Everything you used to put on sch D goes on the 8949. Then you add a bit more info - like explaining why your broker's calculation of basis is wrong or not applicable. Then its a bit of sorting (something computers are really good at as long as the humans give the computers the right info for the sort), and you're done.

I have seen a lot of people getting freaked out about this new form. Personally, I don't see it as that big of a deal.

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