Why doesn a local security with distributions and sales show up on the tax reports?
” The local security is probably defined as tax-exempt, which means it’s treated like an IRA. You can change the security from the Local Security Table. “What does ‘Group Sales’ mean on the tax reports?” The group sales option lets you group all purchases for a given sale, resulting in a single short term transaction and a single long term transaction. If you’ve been buying shares of a mutual fund monthly and then close the fund by selling all of the shares, grouping sales makes the Schedule D report much shorter and easier to transfer to your actual tax forms. The purchase date shown for grouped sales is VARIOUS. “Should I show sales of money market funds on Schedule D?” According to the IRS documents, all sales of mutual funds must be reported. However, since these sales are usually not reported on 1099s, you can leave them off of Schedule D by setting the security type to OMIT sales from Schedule D “How do I make a security’s dividends tax-free on Schedule B?” To define a security a
