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13 votes
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How does IRS know that I calculated tax using worksheet "Qualified Dividends and Capital Gain Tax Worksheet"

The Schedule D instructions specify under what circumstances (based on boxes checked and/or numbers entered on certain lines) you should use the worksheet. When the IRS processes your return, if you ...
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2 votes

Transfer holdings to different broker w/o paying capital gains?

Yes, it is possible. Brokerages should allow moving in assets from other accounts and have specific forms for that. In this case you don't need to liquidate and repurchase, your portfolio will move as ...
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1 vote
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Is this Class Action lawsuit settlement taxable as a long term capital gain?

The lawsuit is settled and the investor receives another check. It is my belief that this second check is taxable as a long term capital gain. Am I right about that? Yes. Note that the attorney fees ...
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0 votes

Exercised stock options, the company was bought/merged after several years, my stock was sold - what are my tax implications?

If you have confidence in your abilities, just follow the instructions for figuring your estimated tax in Form 1040-ES. How To Figure Your Estimated Tax You will need: The 2022 Estimated Tax ...
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6 votes
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When are capital gains realized if I sell a house and do owner financing?

First of all you should probably spend a couple of hundreds dollars on a proper tax advice and tax planning with a professional (CPA/EA licensed in your state). Do I still have to pay the full ...
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