I hate the government, turbo tax and scottrade, please help....?

Check to make sure that Turbo Tax only downloaded your account. This problem happened to someone I know. It turned out that turbo tax downloaded stock sales from another family member.

Also, check to make sure that Turbo Tax downloaded the cost basis of the stock. It's possible that the cost basis of your stock is not in Scot trade's database.

Go back using your monthly brokerage statements to the time you purchased Citi. See how much you paid per share. Then look at the number of shares you sold according to Turbo Tax. The cost per share * the number of shares should give you the cost basis.

Would you mind looking at TradeMax- designed for active trader for its great capacity to support unlimited number of trades, also breezes normal traders with its function to auto-generate Schedule D. It exports Schedule D form with larger than 3000 transactions which TurboTax 2009 can’t.

From importing data to calculating, generating reports, you will find its efficiency, accuracy .

Are you using TurboTax Deluxe and not the "free" version? You need the Deluxe version to do capital gains/losses. Try entering the data manually instead of importing software files.

thats not how accounting works

1. $500 must be posted as a debit {cost of business}

2. $600 must be posted a credit {cash received}

3. $100. will be reflected as a net profit.

if your not using a good accounting system then turbotax can't 'Guess' what you have done!

TaxAct.com was not any better.

You'll have to manually input the info yourself.

Try pages and pages of day trading - you'll go blind.

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