EXTRA
ASSET CODES
SOCA POWERPOINTS
SOCA FORMS
EXTRA, EXTRA
100

what are ways to call in?

what is call in/email Serena

100

what is the most frequently reported capital asset sale?

what is code 1

100

how many digits are in a ticker symbols?

what is 3-5

100

how many characters can you have in the discription line?

what is 80

100

who is the OPS?

who is Amy Hussey

200
what is the full name for SOI?

Statistics of Income

200

what two things are we looking with a bond?

% and MM/DD/YYYY

200

do we enter in the CUSIP?

No

200

what form is for like-kind exchange?

what is form 6781

200

does a 7 trump over a 4?

no it does not. 

300

can we find information about soi on irs.gov?

Yes

300

if it is unreadable or blank, what do you code this?

what is 20

300

can we change what the TP has reported?

NO

300

can you edit a transaction code 3 on a 6252?

yes. its for Liquidation Distribution/Dissolution 

300

finish this line.. "extra, extra"..?

"READ ALL ABOUT IT!"

400

who could you go to for help?

who is Brittney, Tara, Nevaeh, Jackie and Jenn

400

123 Elm Street – sold for $1,000,000, what would you code it?

what is 24

400

how many asset codes do we have?

what is 23

400

what does adjustment code W means?

its a wash sale

400

What do we know about a 1 Jenny and 1 Jack?

Don't google it at work lol

500

who brought in the hi-chews?

who is Jackie

500

What do you code Bitcoin Gold? (BTG)

what is 25


500

if the TP has two or more assets in the same description (e.i horse/horse equipment)

what is the first asset

500

what do you do when you are at the "Do you want to create a new record" line and you don't have another form?

type in a 0 for NO

500

what does SOCA mean?

Sales of Capital Assets