I have short-term capital losses from stock sales in 2025. I also have Section 1250 depreciation recapture that exceeds the capital loss. On Schedule D Form 1040 of my federal return, the loss has reduced my total Section 1250 capital gain and reported the net gain. However, on my New Jersey summary, the loss is not…
Hi I'm sure this has been asked many times. I sold my entire non-Roth portfolio last year. My 1099 Composite shows this… Total short-term realized gain/loss cost-basis reported (445.29) Total long-term realized gain/loss cost-basis reported 12,969.01 Total long-term realized gain/loss cost basis is available but not…
I received an 8949 from a crypto tax website that has the box letters wrong for crypto short and long term gains. Does this matter if it is different from the box letters selected in FreeTaxusa ?
I lived in DC Jan - March 2025 and sold stock. For my DC return, I indicated that 100% of the capital gains is for DC. When I moved to MD, I had no capital gains. When filling out the "Maryland Income," I indicated $0 in the MD column for capital gains. In the MD State Summary, it is showing the federal amount of capital…
We sold a property that qualifies for a $250k capital gains tax exclusion. This property was a home for several years, after which it became a rental property. We have tracked the property's depreciation while we rented it, and we know that up to 25% of this depreciation will be recaptured. The property sold in 2023 and…
In 1986 I inherited quite a few pieces of sterling silver flatware. Recently I sold them for scrap. I haven't been able to find any information on their approximate 1986 value. How do I estimate the capital gains, if any, from the sale, and do I have to document that estimate?
We bought a new home in October 2022 and sold the old home in February 2023. We used our exemption to avoid capital gains tax for our 2023 taxes. When would we be able to claim exemption on any capital gains tax on real estate again?
I reported an amount as Capital Gains when I should have reported Form 1099B: Proceeds From Broker and Barter Exchange Transactions. There is absolutely no way to get any help with this from Free Tax USA. I've been with them for several years, but I've never needed help before. This will be the last time I use them. Their…
Hi This is an excerpt from my Schwab Regular account. It's taxable and all dividends and capital gains have been reinvested from Edward Jones (pre-2010) to TDA (2010 I think) to Schwab. Nothing has been traded. Each Mutual Fund shows Lot Details going back to 2010. Yes, there is one fund with missing cost-basis that I am…
Hi I am sure that these questions have been asked, however, I've seen different websites and calculators with different answers. I want to sell Long-Term Investments from my regular (non-Roth) account this year (2025). I will have NO income to report for this year. So... What will my Federal capital gains tax rate be? 1a)…
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