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Step by step explanation please to figure this out. 1099-
Step by step explanation please to figure this out. 1099-B was received under the following: UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS.The instructions states to Report on Form 8949 Part … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
Received 1099- with the ability to import into my program.
Received 1099-B with the ability to import into my program. There are several transactions that were imported as "Undetermined Term Transactions for Noncovered Tax Lots. The program automatically put … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,058 satisfied customers
Robin. I received some "restricted stock unit" distributions
Hi Robin. I received some "restricted stock unit" distributions from my employer last year for which I received a 1099B. The 1099B only shows the quantity of shares, date sold, gross proceeds and cost… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
I sold some restricted stock which my company took out taxes
i sold some restricted stock which my company took out taxes on and added the proceeds to my annual income and the taxes to my W2. … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
I received a 1099-S form that was sale of my parents
I received a 1099-S form that was for the sale of my parents home that my brother and I received as an inheritance. My gross proceeds were $29,750 which was for 1/2 interest in my parents home. My bro… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
Do I have to report a home that was inherited and then sold?
I received a 1099-S. This property was inherited and we sold it. Do we have to report it? And do we have pay taxes on the money we got when we sold it?… read more
Stephanie B.
Stephanie B.
Accountant
Master's Degree
560 satisfied customers
I had a bond default in 2010, I lost 100% of my investment
I had a bond default in 2010, I lost 100% of my investment and it was replaced with some stock, worth about $140. In my brokerage account (at the time of restructering) I was credited with a "redempti… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
My father passed away in March of 2010. Everything except a
My father passed away in March of 2010. Everything except a brokerage account was left to my stepmother. The brokerage account was split 50-25-25 between my stepmother, my sister, and myself. The tota… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
Can I deduct the proceeds as an investment expense?
On 1099B the expenses of GLD are paid each month by selling a small amount of gold and reported as stock sold to IRS. Then listed as investment expense. On sched. D can you show the sales price on lin… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
I inherited some stocks and mutual funds when my mother passed
I inherited some stocks and mutual funds when my mother passed away. She had them in an XXXXX XXXXX account...and they were not a 401k account, just a normal account. How do I account for this on my i… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I am an individual, and we recently received a notice from
I am an individual, and we recently received a notice from the IRS that I under reported capital gains for 2007. I should have reported a long term capital gain as a beneficiary from a trust, and incl… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I have inherited $10,000 from my fathers estate and $12,000
I have inherited $10,000 from my father's estate and $12,000 from his financial investments. What taxes will I be responsible for? What if I reinvest the $12,000 into a retirement account? I live in S… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
We live in Georgia. My wifes father died earlier this year.
We live in Georgia. My wife's father died earlier this year. He left his estate to my wife and her brother. He had stocks and bonds worth approximately $700,000 and a house that they will each make ap… read more
Merlo
Merlo
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558 satisfied customers
My father passed away 10/28/06. He had an account with $103,914.84
My father passed away 10/28/06. He had an account with $103,914.84 to be divided between my brother and me, as his only survivors. The money was in an account with Van Kampen Investments in a Comstock… read more
Merlo
Merlo
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558 satisfied customers
My father left me stocks when he died. I sold them. Do I ...
My father left me stocks when he died. I sold them. Do I owe taxes on the amount I sold them for?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
Feb 2007 I had 1/3 of the shares of restricted stock vest.
Feb 2007 I had 1/3 of the shares of restricted stock vest. This stock was deposited in my compushare acct. I received a 1099-B. Date of sale was March 01. Box 2 stated the $ amount sold with gross pro… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
My father and I have held stocks in a joint account. He ...
My father and I have held stocks in a joint account. He passed away in April 2007 and now I am the only name on the account. What are the tax implications in regard to selling the portfolio which is a… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
My father died in 2005. In 2006 I received shares of stock ...
My father died in 2005. In 2006 I received shares of stock as part of an inheritance which I cashed in in 2006. I was heavily taxed on the profit, approximately 1/3 of the value. The value of the stoc… read more
Guru_Guy
Guru_Guy
Doctoral Degree
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