I'll give that a try this evening. Sounds like what I was missing is the passive menu. I understand the schedule of units sold provided by Lynn, just didn't know how to enter the info. Thanks for the tips.
I believe those posters who are confused on this issue are forgeting that it takes 3 business days for a stock transaction to settle. If the record date is Nov 6 then count backwards 3 business days and you arrive at Nov 3 for the last day to purchase or sell stock and effect the dividend. The next day is referred to as "Ex-dividend and simply means that transactions on or after Ex-dividend will not effect your reciept of that quarters dividend.
So do you enter info from the SALES SCHEDULE on 4797 and allow cap gains to auto fill on Sched D? Prior to receiving the K-1 and sales sched I completed sched D, but I don't think that is the correct way to do it.
Thanks for the response. I understand that both forms are used. I am using turbo tax and my concern is more with the auto form filling then what forms to use. It looks like cap gains calculated on 4797 automatically flow to Sched D when using TT.
Also, are ordinary gains attributed to units sold during the year, already included in the K-1?
Comparison of costs btwn wind, solar, coal, ng and geothermal generation of electric has probably been discussed on this board, but I missed it. Can anyone direct me to relavent resources?
I'm trying to figure out how much loss I need to realize to offset the expected gain. You are right that in this market, it won't be difficult to find losses. will the capital gain be distributed to holders of record 12/31/08, or distributed on the basis of distributions paid during 2008?
Thanks for the feedback. Another concern - what is best estimate of the per share capital gain from property sales this year?
I believe that of even greater concern then Lehmans forced selling is the status of Linn hedges placed with Lehman. Does anyone know types and quantities of swaps backed by Lehman?
If Yahoo 2006 earnings estimate is accurate at $3.40/share then dividend should be in the range of $3.40 * 90% / 4 or $.76/share.