InvestorsHub Logo
Followers 5
Posts 484
Boards Moderated 0
Alias Born 02/15/2007

Re: None

Saturday, 03/29/2008 4:04:10 PM

Saturday, March 29, 2008 4:04:10 PM

Post# of 263
Hi Everyone,
I have a Turbo Tax question here, and I was hoping someone could help...
I imported my Scottrade data into Turbo Tax Premier, however I'm having a little trouble deciding how to handle the following scenario:

4/24/07 Purchased XYZ - 9600 shares: $296.44
4/25/07 Sold XYZ - 9000 shares: $619.84
5/1/07 Purchased XYZ - 6800 shares: $553.72
then a reverse split occurred (new symbol ABC and left w/ 185 shares)
6/21/07 Sold ABC - 185 shares: $112.64

total loss: <$117.68>

Unfortunately, the data imported from Scottrade shows the 2 different symbol numbers and sell profits from each. Can I just manually adjust one of the 2 investment entries to show the $117.68 loss and delete the other investment entry completely? What is the proper way to handle this is Turbo Tax Premier?

Thanks for your help!
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.