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Drake Software User’s ManualSales of Assets• Date Sold — If a single date does not apply, type BANKRUPT or WORTHLESS, asapplicable._NOTEIf Date Sold is bankrupt, the return must be paper-filed. Variousand worthless entered as a date are acceptable for e-filing.• Sales Price — Enter the sale amount. If only the gain amount is available, enterthe gain amount and leave Cost or Basis blank.• Cost or Basis — Enter the cost or basis. If only the loss amount is available, enterthe loss amount and leave Sales Price blank.• S/L — From the dates entered, Drake determines if an item is long-term or shortterm.If no specific dates, select S or L to force short-term or long-term.• Misc — Press F1 to access codes. Check with states for codes that are required forstate purposes only.Screen D2,Carryovers &OtherEntriesScreen D2 has fields for short-term gains/losses from other sources, long-term gains/losses from other sources, loss carryovers from 2007, and capital gain tax computation.If Drake was used for the taxpayer in 2007, the gains/losses and carryover fieldsare updated automatically; otherwise, data must be entered manually.Schedule D ImportsUse the Schedule D Import tool to import capital gain and loss transaction data froman Excel or other worksheet into Drake.Create aWorksheetBefore you can use the Schedule D Import tool, you need a worksheet containing thetransaction data saved as a Microsoft Excel, TAB, or CSV file. Columns must matchthose on screen D, as shown in Figure 5-18.Figure 5-18: Screen D fields as columns in an Excel worksheetEnter all data to be imported into Drake and save the file.Import DataTo import the information, complete the following steps:1. Open the client’s file to the Data Entry Menu and click Import > Schedule DImport from the toolbar. The Schedule D Import instructions are displayed.2. Click Next to open the Schedule D Import dialog box.3. To the right of the 1. Import File Name field, click the button.4. Locate and select the file containing the transaction data (that is, the file to beimported). Select the file and click Open. The data path and file name should bedisplayed in the 1. Import File Name field (Figure 5-19) and the transactions displayedin the Schedule D Transaction Information grid below it.Tax Year 2008 97