Questions tagged [schedule-d]

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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. ...
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1answer
38 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 ...
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1answer
92 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 ...
3
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1answer
219 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 (...
3
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2answers
196 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 ...
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0answers
54 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 ...
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1answer
155 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 ...
2
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1answer
131 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 ...
2
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2answers
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 ...
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1answer
5k 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 ...