Sch D

[GeorgeM]

Has anyone had problems with the schedule D with multiple stock sales.

I have a return with 48 stock sales, and the totals are not coming out right.

I have added them in a spreadsheet and the totals are way off in ATX

:dunno:

[OldJack]

I have had about that many transactions on Sch-D with no problem in the outcome. If you don't have correct date/year input you may not have gain/loss recognized, check your input.

[jainen]

>>I have added them in a spreadsheet <<

I recommend the old fashioned error-finding techniques of basic accounting.

1) When the amount you are out of balance is evenly divisible by 9, you have a transposition error.

2) If the difference is 3 or 30 or 300 or 3000 you've made a ten-key error, the result of hitting the key on the wrong row.

3) If you find the exact amount of difference in the list of figures, you've left it out or included it twice or put it in the wrong column.

4) Personally, the mistake I make most often is reversing basis and sales proceeds.

[OldJack]

Great list Jainen.

I might add if the error is even when divided by 2 or multiplied by 2 you may have entered the number with a minis or plus sign the wrong way.

[jainen]

>>when divided by 2 or multiplied by 2<<

I don't mean to over-emphasize the math. There is plenty of room for theory mismatches on Schedule D too, everything from a wash sale to "I don't have to report options because they aren't listed on the 1099-B." Sometimes software doesn't deliver, but it's generally because you aren't following instructions. The word "various" can often be problematic on Schedule D for a variety of reasons that all depend on what the software expects the word to mean. Other date entries can be so misunderstood it won't even give you an error message.

All in all, and without knowing any detail whatsoever, I would vote that ATX is correct in this particular case.