IRS 2005 Instructions Say All Transactions Be Shown on Schedule D (D-1)

There is much consternation in the tax blogosphere about the IRS's decision to crack down on the common practice of taxpayers and their preparers entering summary totals of capital gains and losses on Schedule D, with attached detailed schedules. The Instructions to the 2005 Schedule D (top of page 6) indicate that the IRS will insist that each individual stock trade be listed on Schedule D and D-1. if more than five entries

Taxpayer Alert: This could add to your preparer fee for keying in all the transactions