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TT E-file how do you send attached statements

 
 
Auburn Bob
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      12-27-2004, 03:33 PM
I've never electronically filed my tax returns, and I'm wondering how
you 'attach' statements to TurboTax filings.

For example, I've always attached a listing of Capital Gains stock
sales to my tax return. Since there are a lot of entries, it's easier
to insert just one line with the total into the form and say see
attached statement for all the details.
So how does that work, if you are filing electronically?

 
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Bill
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      12-29-2004, 03:47 AM
Auburn Bob wrote:
>
> I've never electronically filed my tax returns, and I'm wondering how
> you 'attach' statements to TurboTax filings.
>
> For example, I've always attached a listing of Capital Gains stock
> sales to my tax return. Since there are a lot of entries, it's easier
> to insert just one line with the total into the form and say see
> attached statement for all the details.
> So how does that work, if you are filing electronically?


So you're saying that you just enter a single line in TTax and
then do the calculations yourself on the individual items
included there? That's not the way you would need to do it if
you e-file. You would need to enter each item individually in
TTax. It will handle the overflow if you print the form, and it
will be transmitted correctly if you e-file.

Bill
 
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Auburn Bob
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      12-29-2004, 05:32 AM

Bill wrote:
> Auburn Bob wrote:
> >
> > I've never electronically filed my tax returns, and I'm wondering

how
> > you 'attach' statements to TurboTax filings.
> >
> > For example, I've always attached a listing of Capital Gains stock
> > sales to my tax return. Since there are a lot of entries, it's

easier
> > to insert just one line with the total into the form and say see
> > attached statement for all the details.
> > So how does that work, if you are filing electronically?

>
> So you're saying that you just enter a single line in TTax and
> then do the calculations yourself on the individual items
> included there? That's not the way you would need to do it if
> you e-file. You would need to enter each item individually in
> TTax. It will handle the overflow if you print the form, and it
> will be transmitted correctly if you e-file.
>
> Bill



That's a problem, as there are too many entries to do each individual
lot that's been sold. Unless there's a way to import a file, which I
don't believe is possible.

In the past my actual return has been done by a professional, and
that's the way it's been submitted, with an attached schedule having
the details.

I'm filing myself this year, and I can put the total LT and ST gains in
on one line so the tax is calculated correctly, but I don't have the
patience to enter every lot into TT.

So it looks like I'll use TT, but will print out the return and mail
it, unless someone else has another solution.

 
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Gordon
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      12-31-2004, 06:10 PM
Bob I have more stuff then "room" for lots of lines. -- it is common.
Basically what you do is enter all the stuff in Turbo Tax and you can
either add lines or copies of forms depending on what specific task.

Then Turbo Tax calculates the totals, calculates taxes, etc. With
regard to capital gains, unless you are buying and selling stocks
without a broker, the government gets the same data you recieve from
your broker. As long as the figures you use, match those the
government has -- no problem.

Technically you have to keep all your backup for 3 years after the
date you file the return -- that is true whether you send attachments
with a paper return or do an electronic return.

It has been my experience refunds are quicker with electronic returns.
Also you elminate one potential error -- people at the IRS will key
your return data into the IRS system. If you file electronically the
chances of the IRA having different numbers then you are essentially
zero.

I personally can not see any reason not to file electronically, but I
am sure there are some special circumstances.

On 27 Dec 2004 07:33:01 -0800, "Auburn Bob"
<(E-Mail Removed)> wrote:

>I've never electronically filed my tax returns, and I'm wondering how
>you 'attach' statements to TurboTax filings.
>
>For example, I've always attached a listing of Capital Gains stock
>sales to my tax return. Since there are a lot of entries, it's easier
>to insert just one line with the total into the form and say see
>attached statement for all the details.
>So how does that work, if you are filing electronically?




SPAM has driven me to Spoof my email, sorry

Try: First "dot" Last at Earthlink "dot" net
Gordon W. Potter
Atlanta, GA
 
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