My investment from 2012 was sold in 2015.
Initial investment amount:
When I cashed it in I received a check for:
I paid taxes
2012 - Ordinary: $1,094.03 Capital Gains
2013 - Ordinary: $1,804.21 Capital Gains: $1,148.33
2014 - Ordinary: $1,588.44 Capital Gains: $1,939.97
That would value my investment amount and amount I paid taxes on to be:
The amount I received, $197,537.50 minus the investment taxed amount, $189,271.59 is:
$8,265.91 far less than what was reported on my Capital Gains.
Why do I have to pay Capital Gains taxes on $11,984.26 (as reported on my 1099-B) vs. on $8,265.91? Where do I enter the previously declared interest
and Capital gains I paid taxes on?