IRS notified me of some problems. I created my own schedule D that was lost or not accepted. So the IRS has figured my cost basis as 0. And says I owe the complete amount. The IRS statement does not say to refill out the entire 1040 but I am wondering if that is best. I do have the amounts for dividends and capital gains on the original 1040, but that does not seem to be taken into account on what they say I owe. They just gave me a list of stocks and dividends that "were not reported". I did omit one trade on the form I had sent in, and didn't report MLP income correctly. So if I just send the corrections I won't be sure what I owe them unless I do the entire form again. Or is it best to just send in the documentation and let them figure out what I will owe? I estimate I will owe about 10 to 20 dollars more in taxes. Big money!
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