Schedule "D"

[Taxpoor]

I just recieved my draft copy of my completed 1040 and 1040NR from my Accountant.

I emailed some questions to him as I want to be armed with information to formulate an accurate response and to ensure this has been done correctly.

First:

I own shares in my company (publicly traded) and he has tabulated Schedule "d" for the capital gain/loss. This form makes reference to form 1099 (which I have not reeived because these shares are canadian dividends)

I also see that he has tabulated my interest income from my bank account on form 1116, line 1a and identified the "gross income from other sources form country shown above" (Canada) as " interest".

I am used to this being tabuated on Schedule "B"...which is not included anywhere in this draft package.??

Can Schedule B be ignored if other forms are filled out...like schedule "D"?

[Taxpoor]

Also....for my 1040NR, the tabulated form has all the fields as empty....will the IRS computer not reject a form unless it has a value in it...any value even "0"?

[Taxpoor]

More information:

I should have pointed out that my interest income was below 1500 dollars....does this mean schedule B is not required?

[Taxpoor]

Ok...have come full circle on the schedule B problem.

You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust.

I have satisfied (b) therefore i must fill this form out!

Why do i have bad luck with Accountants!

Still would like some input on Shedule D question though.

[nelsona]

You need schedule D.