income taxes help


What are all the forms required for reporting Capital Gains to the IRS?

I know that one of the forms is a Schedule D: http://www.irs.gov/pub/irs-pdf/f1040sd.pdf but what if you have alot more stocks to list than the few spaces available on this form? Where do you put them? Is there another form or forms that you can use? What happens if you have 15 pages of stocks you traded to claim come tax time? How does that work?

Public Comments

  1. I make a list of the buys and sells that occur during the year and I have clients that make over 100 trades in that time, I merely submit those additional sheets with the tax return(Sch D) for the client to file with IRS(and the State) some programs that you can use will print the necessary additional sheets
  2. I simply put my trades on a spread sheet in the same form as the Schedule D, print it off and attach it to the schedule D and write "see attached" on the schedule D then write the total at the bottom of the schedule D where it asks for the total.
  3. Schedule D-1.. If you order it vs print it, make sure you make a few copies. Totals get added up on the pages and added onto Schedule D in the end. If you go to a tax preparer, they will charge extra for each trade over a certain amount (I got that from a neighbor buddy tax preparer. I never use tax preparers myself.. no matter how difficult) There are certain programs which make the tedium easer such as Turbo Tax, which will allow you to import info directly in if you use certain brokerages such as Fidelity. This will require more than the basic edition of Turbo Tax.
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