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Subject:
investments--reporting losses and gains
Category: Business and Money > Accounting Asked by: daveguya-ga List Price: $10.00 |
Posted:
28 Aug 2004 05:29 PDT
Expires: 27 Sep 2004 05:29 PDT Question ID: 393751 |
I have bought and sold stocks and am clueless about how to report losses or gains to my accountant at tax time. This year I sold two that I lost a great deal of money on. There were times when I bought and sold shares of each of these stocks. Is there a software product that will enable me to figure out what I lost or gained on stocks by entering the transactions? What makes this complicated is that I sold some shares in years past then bought some more. When tax time came I didn't report losses because I didn't know how. How do I begin to take care of these gains and losses, or how do I straighten out this mess? |
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There is no answer at this time. |
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Subject:
Re: investments--reporting losses and gains
From: anonoboy-ga on 28 Aug 2004 07:07 PDT |
Your accountant should walk you through this. Your answers to his/her questions will lead to more questions and answers and you'll get through it. Be open with your accountant about your anxiety regarding this process. If you do not get the kind of service you need, get a new accountant. |
Subject:
Re: investments--reporting losses and gains
From: taxmalone-ga on 23 Sep 2004 09:08 PDT |
You will get a 1099 from the broker. All you need to do is take that to your accountant. It will probably come to you in March of 2005. |
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