Questions tagged [schedule-d]
Schedule D is a form provided by the IRS to help taxpayers computer their capital gains or losses and the corresponding taxes due. The calculations from Schedule D are combined with individual tax return form 1040, where it will affect the adjusted gross income amount.
14
questions
0
votes
2
answers
38
views
Do I have to actively sell a capital asset to be required to file Schedule D?
I'm reading the instructions for 2021 Line 7 for the 1040 and noticed the following
Capital Gain or (Loss)
If you sold a capital asset, such as a stock or bond, you must complete and attach Form 8949 ...
- 1,291
0
votes
0
answers
92
views
How do I calculate Tax for a Long Term Capital Gain?
Do I calculate tax based on IRS tax tables on page 65 (or worksheet on page 77, 110) of https://www.irs.gov/pub/irs-pdf/i1040gi.pdf
Or
Do I calculate tax based on Qualified Dividends and Capital Gain ...
- 297
0
votes
0
answers
48
views
Capital gain tax from closing down the company in UK
I need help with filing form line 6 form 1040. we live in uk.
my husband work as contractor for short term and he need to get pay through his own company.
after few months it didnt work out and become ...
- 1
0
votes
1
answer
310
views
Question: "Qualified Dividends and Capital Gain Tax Worksheet -- line 12a" 1040 2019
2019 was not a good year and my taxable income(1040 line 11b) is $3600.
I had dividend and LTCG income so Schedule D sends me to this worksheet: Qualified Dividends and Capital Gains (page 33, ...
1
vote
1
answer
172
views
Capital Gains and Capital Gain Distributions for a mutual fund
I'm currently working on my tax return for 2018. I have taken my 1099's and calculated short term and long term capital gains and losses for my mutual funds where basis is reported and unreported. ...
- 21
1
vote
1
answer
53
views
Schedule D, what flow to follow if you have no long term transactions but only short term gain?
The instruction for Schedule D form seems a bit ambiguous. On line 17 it says, If both line 15(total long term) and line 16(total long term + short term) are gains, go to line 18(which makes you do ...
- 385
3
votes
1
answer
394
views
My stock broker gave me two 1099-Bs. Should I file two Schedule-Ds?
Robinhood is my broker and this year I decided to file my Federal and state taxes by myself.
Robinhood gave me two 1099-Bs for last year. Half of my transactions are on one 1099-B and the other half ...
- 385
3
votes
1
answer
473
views
Received K-1 from ETF whose basis wasn't reported. Can I use just Schedule D without Form 8949?
I received a K-1 from an ETF, as well as an insert with instructions on what to do with the numbers on it. This ETF was my only holding whose basis was not reported to the IRS.
The "Other income (...
- 558
3
votes
2
answers
233
views
Is it mandatory to report Capital Loss on line 21 of Schedule D?
Is it mandatory to specify a capital loss value on line 21 of Schedule D?
We are married filling joint return; we have capital loss over $3000 but our income is very low and we don't have to pay ...
- 31
1
vote
0
answers
57
views
US tax question, sold foreign stock and after some time repatriated the money. How do I handle currency fluctuations?
I, a US citizen sold some foreign stocks. But could repatriate the money to US after a while. In that time the currency moved substantially. How do I account for currency fluctuations? My Schedule D ...
- 111
0
votes
1
answer
180
views
What are tax implications of short vs long term capital losses?
I have read in multiple places that you can use investment losses of up to $3,000/year against your taxes.
Is this as a deduction or credit? Does it count as an addition to itemized deductions or is ...
- 4,186
2
votes
1
answer
153
views
Some U.S. Tax Questions (CPA Concerns)
I tried to do my personal taxes myself with TurboTax this year, but decided my situation was more complicated than I could handle, so filed an extension and decided to engage a CPA. He missed a few ...
- 3,491
2
votes
2
answers
3k
views
Is Form 1040, Line 13 always populated from Schedule D, Line 16?
On schedule D, line 22, it says to Complete the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, Line 44.
If I have reached line 22 on Schedule D, because Line ...
- 409
5
votes
1
answer
7k
views
How to report adjustment to basis of sale of a publicly traded partnership?
I've received a K-1 from a publicly traded partnership, which lists Cumulative Adjustments to Basis. I sold some of the shares in this PTP in 2011, and for each lot, there is an amount in this ...
- 3,501