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  #1 (permalink)   Spam Kill
Old 02-17-2007, 02:13 AM
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pandal3oy pandal3oy is offline
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TAXes - oh the confusion

I really don't get the way this Turbo Tax Premier software stuff works. I entered in my income and it said I was gonna get about $900 back. Then it came to the section with the investments. I only have stocks so I entered the broker ta Id and my user name and stuff and all my info popped in the program. Then I ended up having to owe $1800. The weird thing is I lost a few thousand in stocks last year with no gain so I don't get why I owe them. It added ONLY my sales and considered it as income and it didn't factor in my buys so it made my income increase $20K, and no i didn't have $20K to put in nor did I even make $20K. It just added up every sale when I actually never made any money in stocks but a huge loss. Someone please explain to me why it doesn't show what I bought and subract my sales to show that I have a loss. I can't get that negative number to show up. Thanks.
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Last edited by pandal3oy : 02-17-2007 at 02:20 AM.
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Old 02-18-2007, 07:09 PM
Rbreb13 Rbreb13 is offline
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Sounds like you'll have to enter all your purchases manually. Along with all your commissions etc. I use TT but with Gainskeeper. Gainskeeper is supplied to me through Scottrade. It list everything and shows profit/loss on every transaction.
Hope you keep good records.
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