Capital Gains and Losses
Capital Gains Tax Questions? Ask a Tax Advisor for Answers ASAP
Are you a sole proprietor? If so, you need to complete the Schedule C along with the Form 1040. The Schedule C is used by sole proprietors. Information from the Schedule C transfers over to the 1040. There is one return that you have to file.
Link to Form Schedule C:
Let me know if I can further assist you with this matter.
Filing single, 50k, you're in the 25% tax bracket. Because I don't know what other deductions you have, the best thing for you to do is to use a tax calculator to get an estimate of how much you will owe. Besides, asking how much you will owe is a separate issue from your first inquiry.
Link to tax calculator:
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