I got a notice from the IRS for 2005 for discrepancies on my Schedule D. I looked at it and it turns out I had sold short shares that were not covered until 2006 and therefore did not need to be reported on my D (but were reported by my brokerage on the 1099). My question is is it a requirement to include a statement explaining this or is it just smart to avoid getting the letter (and hassle) later? I looked in Pub 550 and didn't see anything stating this was a requirement (or even suggesting to do it).
- posted
16 years ago