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Old 02-24-2012, 02:19 PM   #21
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Originally Posted by tiuxiu View Post
Yeah my post must not have been clear, your second sentence nailed it.

It seems the Sched D was correctly reported but the $45k sales were not.
Sounds like you need to file an amended return including the sales omitted in error and your cost basis in the tickers sold, resulting in an additional $2k of taxable income and $300 of tax (assuming it was LTCG).

So you "saved" $15,700 today!!!
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Old 02-24-2012, 02:37 PM   #22
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Originally Posted by pb4uski View Post
Sounds like you need to file an amended return including the sales omitted in error and your cost basis in the tickers sold, resulting in an additional $2k of taxable income and $300 of tax (assuming it was LTCG).

So you "saved" $15,700 today!!!
Right. Just add interest and penalty.
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