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Author: AliFool Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121341  
Subject: Re: 1099-B, 1099-DIV, TurboTax Date: 2/21/2000 11:44 PM
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See the bottom right-hand corner of your screen, where it says "Learning Together"? That's why we're here.

Absolutely! Thanks! I guess taxes are very intimidating, but on the other hand... it really is only "5th-grade math," right? My fear is really that I would do something wrong and get nailed for it. Why are things so hard to understand? I have a graduate education and feel like I can't figure it out! ; )

...bless you for not missing the records. You're exactly on point for what you have to do. Don't forget your buy commissions, which add to your basis. You'll report all this on Schedule D, line 1 or 8, depending on your holding period.

Well, I have my paperwork that the broker sends for a purchase or sale of a stock. It's buried (recent move), but will be unpacked before April 15. : )

If you're doing the interview, it will ask you. (If it doesn't ask specifically about a 1099-B, it will ask "Did you sell any stocks" or something like that.)

That's RIGHT! Thanks for the reminder. The reason it DIDN'T ask me is because at first, I had forgotten about the sold stocks! (I would have caught this once I sat down with ALL my paperwork.) Then I just got a 1099-B in the mail, and so I will have to go back and say YES, I DID sell some. : )

If you're doing forms, look for something like a Capital Gains Worksheet. If all else fails, go to the Schedule D, right-click on the gain/loss space on line 1, and see where it leads you.

Great... thanks.

Whatever the market will bear, but you're doing fine on your own, and why not learn it for yourself? Next to quitting smoking, it may be the best self-satisfaction you can ever attain.

Thanks... yes, I will try to do my taxes on my own, with free Turbo Tax from www.fidelity.com (check it out!). : ) All you have to do is surrender some personal info, and you've got Turbo Tax for free.

...You really need to come back to the board and look for responses, in case someone forgets or doesn't care to e-mail you. (I've done both.)

Heheheh... and here I am checking back, and I can see that NO ONE else has posted. But THANKS... you've helped me with my quandry and I should be fine once I unpack!

--AF
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