Is there such thing as a tax help forum on DU?

[MissB]

If so, could you please point me in that direction.

[amazona]

1. how technical is the tax issue?

Don't know of a forum but I know a little about taxes and how to find my way around the IRS online publications and forms.

The conservation movement is a breeding ground of communists
and other subversives. We intend to clean them out,
even if it means rounding up every birdwatcher in the country.
--John Mitchell, US Attorney General 1969-72

[sendero]

2. Go ahead and ask here...

... the worse that can happen is nothing :)

[MissB]

3. m'kay... here are the questions

We sold stock from an employer (actually, dh's employer) last year. The stock was privately-held stock from his company.

We sold a variety of our stock - so there are different acquired dates. I've grouped them into two sales on Schedule D - one with a "various" for date acquired. The first one would include everything acquired up to 2003. The second sale is for the stock acquired in 2004 (sold just a few days after we acquired it). Does that seem right?

I've split the brokerage fee between the two sales, even though we were only charged a single fee. I did the math and came up with the percentage taken out for the brokerage fee and applied that percentage to the two "sales". Does that seem right?

Then there is the "wash" question. The second part of the sale was the stock that was acquired a few days before we sold it. If I apply the brokerage fee to that sale, I end up being asked the wash questions. I basically don't see where the wash rules apply, since I didn't hold any of the stock - I sold all that I acquired. Right?

Thanks!

(edited for punctuation)

[amazona]

4. hoo boy

A bit more technical than what I deal with but here's a start if you don't already have this publication:

http://www.irs.gov/faqs/faq-kw163.html

The conservation movement is a breeding ground of communists
and other subversives. We intend to clean them out,
even if it means rounding up every birdwatcher in the country.
--John Mitchell, US Attorney General 1969-72

[MissB]

5. Thank you!

The publication will definitely help!

[scruffy]

6. Sounds like you have it figured out

You should be ok on the wash sale stuff - that only applies if you sold the stock and then bought it back again. Otherwise, sorting by shares acquired in 2003 vs 2004 and pro-rating the brokerage fees makes sense.