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MequonCPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2342
Experience:  CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
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When you sell scock in Arizona, dont you ...

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When you sell scock in Arizona, don''t you get to deduct what you paid for the stock?

Dear m999suzieg -

When you sell stock anywhere, you repor t the selling price, but you also report the cost (basis) the net of the two amounts is your gain or loss. The sale is reported on Schedule D.

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