Cpa-flyer 10
Level 2

Maybe I missed this, but can someone please explain why we are being required to report the individual sale dates on capital gains transactions now?  This makes no sense and I noticed Pro Series has eliminated the Capital gains worksheet in direct entry mode (I think it was form 31 last year) so you can't enter "various" to aggregate brokerage capital gains. 

From a reporting point of view, this is a step backwards since the brokerage firms already report to IRS. 

Do they really expect prepares to waste valuable time transcribing in some cases 100's of trades that have already been classified and summarized? 

 

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