Hello there! I have 2 questions that I need help with. I don't have the greatest understanding of the topic, so let me know if I'm not providing enough information. Thanks! 1. The private company that I currently work for is planning to hold a secondary sale to allow existing employees to sell some of their vested stock…
Live in Maryland and my family sold inherited piece of land in South Carolina. I was one of 31 heirs and received $5456 from land sale. Total appraisal for land was $405,460 and land sold for $371,065. I am unclear about completing IRS tax forms 8949 and capital gains schedule D if needed. What are my options online with…
I have a modest money market acct. with C. Schwab which has small gains and it is reported to me via a lengthy "1099 COMPOSITE" document. Q: Should any realized gains be reported to the IRS via Form 1099-B and on Form 8949 or just the latter?
This was undeveloped 130 acre farm property held over a 25 year period. We donated a conservation easement on 128 acres to protect open space and wildlife habitat. On the remaining 2 acres, we developed four off grid buildings as a "camp" and workshop to house maintenance farming and forestry equipment. The sale included…
On a Form 1099-B, my broker reported that there were losses within a closed-end fund that I am still holding. So I need to create a Form 8949 to report the losses (so they can be added to my capital loss carryover). But the FreeTaxUSA software does not seem to have a way to enter a Form 8949 if no asset has been sold. How…
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