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Replies to #399 on Taxes (TAX)

omegahpla

12/29/09 12:17 PM

#400 RE: ypsiCPA #399

Wow that was quick, thanks : ).

Yes, I have detailed gains and losses. I have all the info to account for the totals on everything, it's just what to put in the forms and how to show it, I have a problem with.

Are you saying I don't have to report every transaction on one stock?

Do I need to report every total gain and loss per individual stock for the year?

... Or can I figure totals one each stock, add them all, and use those aggregated to a grand total, and work from that?

The deduction on tools and other expenses that factor in to the total, but not into the individual stock profit and loss, how do you go about deducting those things?

Can you do this stuff on Turbo Tax or Tax Cut?

I don't have any accounting programs and I really can't afford them, and I don't know how to use them.

*Extraneous Whining
I'm sorry, I'm actually a genius by IQ score, but I'm a total idiot when it comes to putting things in what I see as nonsensical formats. Why not just a line by line p&l, an aggregate total, then work from there?