title>Tax Guru-Ker$tetter Letter Wizard Animation

                 

Tax Guru-Ker$tetter Letter
Monday, January 09, 2006
 
Schedule D Controversy

Ed Zollars has a special follow-up podcast on the issue of Schedule D detail that I discussed earlier.

The IRS clarification letter he discusses can be downloaded here.  Here is the IRS answer that is attracting the most attention:

Yes. Taxpayers may submit attachments in lieu of completing lines 1 and 8 on Schedule D or D-1 as long as the attachments contain all the required information and are in a similar format. This means investors may follow the same format required of traders.

 

Update from CCH on this issue.

 

 



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