has anyone seen

has anyone seen where qusip numbers are entered on sch d

form 8949

i've never seen that in my life

some per diem i hired

put qusip nmbers...not 100 ibm

are qusip allowed?

Why not? It's perhaps the most precise way to identify a publicly traded security.

I try to avoid entering transactions on the 8949s...I prefer to do one of the two exception to reporting on Form 8949, but if I have to report on the 8949 I copy and paste from the 1099-B. Company name, ticker, CUSIP...the whole string.

interesting..i've never have seen that

You don't get the Excel or csv schedules and just import the data?

i do it it a simplified manner

i enter on sch d 8a or 1a if i can

if not and there are just a few

i may list a few

or

i can put thru Schwab acct xx22

it's only like 8 or 9 sales

this cusip thing i've never seen

i put 100 ibm

that's what is shown on the 8949

this per diem just put the cusip and nothing else

I remember Lacerte for DOS having a column for CUSIP numbers. Haven’t seen it since the conversion to Windows.

I have no strong opinion on using the CUSIP. However, I think one should always report the number of shares if doing a separate entry for each sale. It’s helpful information.

I started in the profession in 1990. Not putting the number of shares was considered lazy. Such a return would be considered incomplete and an incomplete return can never justify a fee note. Old fashioned? Yes. Still good practice? I believe so.

I've never entered a CUSIP. If I cannot take a shortcut method, I just list shares and company name. Most of the names are already in my software so they automatically pull up.

I still put everything on 8949, I don't like it only flowing through to Sch D.

I never saw someone just enter a cusip number where you were supposed to list the # of shares and stock sold. this is from a per diem who originally wanted to charge me $100 per hour. i paid much lower than that...and apparently thank goodness.

Why would anyone list all the trades on a Form 8949 when they could just slap an attachment to the return to show them?

Why would anyone list all the trades on a Form 8949 when they could just slap an attachment to the return to show them?

If it's just 1-3 transactions, and they don't qualify for Exception to Reporting #1 because there's one or more wash sales, it's faster to just list them on the 8949 rather than export pages from a 1099, save that PDF, and attach it in the return file.

Other than that, I agree with you, but I don't think anyone in this thread is advocating for generally listing all trades separately on the 8949.

has anyone seen where qusip numbers are entered on sch d

form 8949

i've never seen that in my life

some per diem i hired

put qusip nmbers...not 100 ibm

are qusip allowed?

It's allowed, it's a permitted way of doing it. I don't like it BUT it is accepted.

I reacted like you...why would anyone do that?

You gotta be careful who you hire!

CUSIP numbers are the most precise way to refer to an investment that has a long name, or similarly-named groups of investments. I would say that including the name and the CUSIP is the best practice, but I can't imagine leaving the name out.

Who enters individual sales from brokerage accounts - totals in the correct categories that are on the report, nothing else, for over 20 years. never had it question, although - remember when we sent the statements to the warehouse in Texas. I always wanted to be challenged so I could give them the address and say it is there for your checking. Never had that chance.

+1 in the "summary only" camp.

Maximum of 4 entries per 1099b. Maybe 6 in some cases.

Had a staff who entered see attached and attached the PDF to the return. He entered this and the totals for short-term covered, long-term covered, and long-term noncovered.

Funny thing is that is one sale of one mutual fund that hit all three sections. It was faster to enter it because the name auto fills in the 2nd entry.

More than 4 entries we attach IF required.