faq's
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Purchasing Questions
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What are the installation requirements?
As stated in the license agreement to use the SD4D you must have the following programs installed. We do our best to
provide the most up to date links but the MFG's may change their links without notice. If the links have
changed please contact us.
We have
provided the links here for your convenience. Please note: clicking the links will NOT automatically download the
products. The products are provided at no charge by the respective companies.
Microsoft .NET Framework Version 2.0 or greater (file size about 22.4MB). You may install via Microsoft's Website. Microsoft can detect if you have
the program installed already or not.
.Net Framework
Adobe Reader. You may install via Adobe's Website.
Adobe Reader
You must have a Windows operating system installed on your computer.
You must have an online connection to buy, download, and receive product updates.
Can I use a credit card to buy the SD4D?
Yes, you can use any major credit card to pay for the Schedule D 4 Done software program.
Can the software be mailed to me?
No our software is only available via online download.
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IRS Questions 2006
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Can I just attach the Schedule D to my IRS form?
Yes. Schedule D 4 Done puts the Schedule D in the IRS approved format for tax filing.
Is it true that I only have to file my Schedule D information upon the IRS's request?
This is not true. The IRS requires you to file a Schedule D. According to the IRS you need to use a
Schedule D to report:
1. Sales or exchanges of capital assets.
2. Gains on distributions to shareholders of appreciated capital assets.
3. Non-business bad debts.
4. Net recognized built-in gain as defined in section 1374(d)(2). The built-in gains tax is figured in Part III of
Schedule D.
Generally, report every sale or exchange of a capital asset (including like-kind exchanges) on this schedule even
if there is no gain or loss.
For more information on this topic visit the IRS Website.
You may also wish to learn more about
IRS Compliance and Enforcement.
See the next question for even more information on this topic.
What are the IRS General Instructions for filling out the Schedule D?
Schedule D 4 Done follows the IRS instructions for you when you use the program to generate your Schedule D. You
may view the IRS General Instructions for the Schedule D form via the IRS Website
here.
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System/Software Questions
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Can I use and run the program on my machine?
Yes, this is a sure way to protect your data because we never touch it.
Can I import data/trades from previous years?
In many cases yes, just contact us to be sure your data can be imported into SD4D.
Do I have to be online to use Schedule D 4 Done?
No, but you are required to login via an online connection to download the software for the first time.
You must be online to receive free software updates and renew the software.
Can I manually enter in a trade?
Yes.
How do I get my trading data?
You will need to obtain your trading transactions from your brokerage account (this can be easily done by contacting
your broker). Most brokers allow you to download your trading data via their secure Website. Once you have your
trading data in electronic format you will import it into the Schedule D 4 Done program. Please note your data is
secure and we do not have access to your trading information at any time while you are using the SD4D program.
Can I export the Schedule D data into other formats and programs?
Yes. Schedule D 4 Done allows your Schedule D data to be exported to Excel, Turbo Tax, TaxCut, Tax eXchange Format (TXF)
and tab delimited ASCII files. This makes importing data into other programs easy.
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Other / 2005 Schedule D Information
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What are the some 2005 IRS statements regarding the Schedule D form 1040?
Notice — Clarification of the 2005 Instructions for Schedule D (Form 1040)
The IRS has received many inquiries about a new instruction that was added on page D-6 of the 2005 Schedule D
instructions for completing lines 1 and 8. The new instruction states:
"You must enter the details of each transaction on a separate line. If you have more than five transactions to
report on line 1 or line 8, report the additional transactions on Schedule D-1. Use as many Schedules D-1 as you need.
Enter on Schedule D, lines 2 and 9, the combined totals from all your Schedules D-1. Do not enter "see attached"
and summary totals from an attachment in lieu of reporting the details of each transaction directly on Schedule D
or D-1."
However, on page D-3 of the 2005 Schedule D instructions, the instructions for "Traders in Securities" state:
"Like an investor, a trader must report each sale of securities (taking into account commissions and any other
costs of acquiring or disposing of the securities) on Schedule D or D-1 or on an attached statement containing
all the same information for each sale in a similar format."
The instructions on page D-3 for traders (and investors) have been unchanged since the year 2000.
The new instructions on page D-6 were meant to highlight and clarify these rules, not to change them.
Therefore, taxpayers may continue to use a substitute statement to provide all of the same information and in a
similar format to lines 1 and 8 of Schedules D and D-1. They are not required to use the official version of
Schedules D and D-1 to provide the details on each transaction. However, the details of each transaction still
must be provided with the tax return and not just upon request (09-JAN-2006)
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