I would normally attach the detail with a paper return and I don't want to enter everything in the return.
2007-04-12 08:31:10 · 3 answers · asked by jrtcpa@sbcglobal.net 2 in Business & Finance ➔ Taxes ➔ United States
We have the same problem with some of our clients. Entering 1000s of trades is horrible. This year we are entering a total by payer and warning the client that they may get a notice from the IRS wanting the details. No biggy. If they question things, send them a spreadsheet with the breakout or the actual forms from the broker, indicating basis, etc...
Good luck!
2007-04-12 08:39:46 · answer #1 · answered by JessicaRabbit 6 · 0⤊ 0⤋
We fill in the totals, then attach a copy of the back up detail to the form 8453 and just mail that in after efile has been accepted.
2007-04-12 16:18:55 · answer #2 · answered by Chaney Lake Girl 2 · 0⤊ 0⤋
You have to enter the detail - the software can't properly calculate your taxes unless you do.
The IRS computers will also need the detail to match against the paperwork they've received such as from brokers.
2007-04-12 17:55:04 · answer #3 · answered by Judy 7 · 0⤊ 0⤋