1. 1 NTTC Training 2011 These are new slides for instructors to add to existing Lesson 10 slides

2. 2 NTTC Training 2011 MULTIPLE TRANSACTIONS ON TAXWISE  Instead of listing numerous transactions, check the box at the top of Schedule D and just enter summary data to the Cap Gn Wkt  You send the broker’s consolidated statement to the IRS with the details

3. 3 NTTC Training 2011 MULTIPLE TRANSACTIONS ON TAXWISE  Enter summary data to the Cap Gn Wkt for each category of transaction (A-ST, B-ST, C- ST, A-LT, B-LT, C-LT)  Enter broker name in column (a)  Enter 1099 code (A,B or C)  The dates for column (c) and (d) are not critical. You are sending the detail to the IRS. Just make sure TaxWise calculates ST/LT properly.

4. 4 NTTC Training 2011 MULTIPLE TRANSACTIONS ON TAXWISE

5. 5 NTTC Training 2011 MULTIPLE TRANSACTIONS ON TAXWISE  Then check the 8949s (confirm the code at the top)  8453 may be generated by TaxWise, or you may need to ‘add form’, but the form should be completed for you  You will need a copy of the client’s consolidated statement to attach to Form 8453. See your LC for site procedures for this form.

6. 6 NTTC Training 2011 MULTIPLE TRANSACTIONS ON TAXWISE (TOP AND BOTTOM OF F 8453)