Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next
Author: nml 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 121592  
Subject: Re: Gross Proceeds (1099-B) help Date: 2/14/2013 12:43 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Thanks Phil...

I have no problem getting lectured... will only offer minimal/explanatory responses..

Why wasn't there something in your 2012 papers showing that this happened?

I guess you mean that I should have noted the transaction back in July when it happened... you're obviously correct. Unfortunately, I haven't looked at an E*trade statement in quite awhile as I really didn't know there was anything in there but my Brk shares.

From the eTrade website, Your Forms 1099 & Details will be posted to your account by February 15, 2013 in accordance with the IRS deadline... unfortunately I filed yesterday.... I opened their email today and found the 1099-B..

Please don't call your refund your "return." The return is what you file to claim your refund. It's like fingernails on a chalkboard to some.

Noted and I sincerely apologize... I reread my post and definitely messed up there...

reduce your carryover by $55 (the proceeds in question) when you put it on your 2013 Schedule D. Don't bother with an amended return. This assumes that your state return doesn't require an adjustment.

Currently I will get a refund from my NC return, but I don't know how to figure out the effect of the $55 added income/proceeds unless I 'amend' or rerun the return through TT and then rerun the state portion...I know I should be able to look at the return (or the printed pdf of the return) and figure it out, but except for directly subtracting that amount from my state refund, I don't really know how to calculate it..

Any advice (with or without lecture) is most appreciated..

again, many thanks

Mick
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement