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Los Angeles CA, I want to know if cryptocurrency is now
Los Angeles CA, I want to know if cryptocurrency is now considered as capital. If so, let's say I lost 5k by trading cryptocurrency last year but gain 5k by selling some property. Then the cryptocurre… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
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My husband sold some company stock. I have looked and read
my husband sold some company stock. I have looked and read schedule D until I am about to go blind and I cannot find where I am supposed to put it. He bought it over 5 years ago. When he sold it befor… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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How do I file capital gains? I have no income and I invested
How do I file capital gains? I have no income and I invested my inheritance. It is in cryptocurrency. … read more
Tax.appeal.168
Tax.appeal.168
Principal
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I am an F1 student my filing is done but I did a crypto
I am an F1 student my filing is done but I did a crypto trading … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,799 satisfied customers
We closed out a UTMA account and rolled over the proceeds to
We closed out a UTMA account and rolled over the proceeds to an educational trust and the IRS wants our grand daughter to file a Sch D with her return but we do not how to file it and show that the pr… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,799 satisfied customers
I have some questions on cryptocurrency tax. From what I
From what I understand, short-term gains in crypto is taxed like normal income. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
3,044 satisfied customers
CRYTPOCURRENCY 2017 Tax Payment Question My question is
CRYTPOCURRENCY 2017 Tax Payment QuestionHi Sir/Madam,My question is related to cryptocurrency trading. I am a H1B VISA holder and below are what i did in year 20171. Purchased one crypto A in 2017. Di… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,799 satisfied customers
I purchased some crypto currency in late 2016 for just a few
I purchased some crypto currency in late 2016 for just a few hundred dollars and also in early 2017. Since then the dollar value of my crypto currency has grown a lot. I also made some crypto to crypt… read more
Carter McBride
Carter McBride
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I have begun to buy crypto currency. Does buying and selling
I have begun to buy crypto currency. Does buying and selling crypto currency into and out of USD create a taxable event even though the money is still in coinbase and not in an actual bank?… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
3,044 satisfied customers
My question is related to purchasing and exchanging crypto
Hi,My question is related to purchasing and exchanging crypto currency on H1B VISA Status. Please see the questions below1. Can i purchase crytpo currencies while in H1B VISA? 2. Can i exchange one cr… read more
Barbara
Barbara
Enrolled Agent, Paralegal
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I had some self employment income where I was paid in
I had some self employment income where I was paid in bitcoin. I also made some bitcoin payments to a couple of businesses for what would be considered commissions. Would I report the income and expen… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
3,044 satisfied customers
How do I report a short sale on Schedule D? The broker reports
How do I report a short sale on Schedule D? The broker reports it as a sale, but I haven't sold anything yet.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,799 satisfied customers
Lev, I have the following question. I had foreign deposit accounts, which I closed i
Hi Lev, I have the following question. I had foreign deposit accounts, which I closed in 2014. I made some income in USD based accounts, but had a bigger loss in a foreign currency account due to FX r… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,799 satisfied customers
Sold my units in an Master Limited Partnership (KMP). Calculated
Sold my units in an Master Limited Partnership (KMP). Calculated Capital Gain/Loss using a 2014 Sales Worksheet. Sales proceeds was calculated using the shares received in KMI (445) times the fair mar… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,104 satisfied customers
gain on my stock options are reported on W2 from my employer
gain on my stock options are reported on W2 from my employer and 1099B from E*Trade which completed the sale transaction. If I report W2 and 1099B as is, I'l be taxed twice for the same stock option g… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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CPA or Tax Lawyer What form do I need to file for Futures
CPA or Tax Lawyer: What form do I need to file for Futures Trading and Foreign Currency Trading? There are conflicting answers that I get. I have a 1099B with a single figure on it that shows a Future… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I exercised (bought and sold) stock options from my employer.
I exercised (bought and sold) stock options from my employer. The net proceeds from the transaction were included as wages on my W-2 and therefore reported as income form 1040. I also received a 1099-… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Just trying to do my 2009 return and Ive got a 1099-B showing
Just trying to do my 2009 return and I've got a 1099-B showing a small loss: ($145.88) in box 8 'Loss Realized in 2009' and box 11 'Aggregate Loss'. This was when I made a couple of small Forex trades… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
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