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I am an active stock trader. Am I allowed to summarize my
I am an active stock trader. Am I allowed to summarize my transactions on the form 1049 if my 1099-B has a wash loss adjustment? … read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,112 satisfied customers
A tax question related to stock sales: if you sell a stock
a tax question related to stock sales:if you sell a stock and then within 45 days purchase (reinvest) in a different stock, do you have to claim the capital gain/loss from the sale or can that capital… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,736 satisfied customers
I day did some day trading last year and end with a loss and
I day did some day trading last year and end with a loss and a wash sale loss. I am assuming since I have a wash sale loss that I have to report it on Form 8949. Since my brokers both reported the sal… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
2,118 satisfied customers
I used justanswer 2 years ago, with a lawyer, and it was
I used justanswer 2 years ago, with a lawyer, and it was useful. My memory is that for a small fee I was able to get excellent answers back, to my email, delayed a bit from the questions. My need now is tax help, specifically with wash sale calculations. I am a new daytrader and did not know about wash sales. If I put together a detailed question listing financial trades can you provide a detailed answer showing how to calculate disallowed losses and re assigning basis numbers?having great difficulty now understanding how to calculate wash … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
7,731 satisfied customers
I'm an individual active trader with over 100,000 stock
I'm an individual active trader with over 100,000 stock trades in 2018. I've provided summary information of trading activity on my tax return. Can I file an electronic return with this summary inform… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,150 satisfied customers
On July 11, 2019 I sold a large quantity of stock that I had
On July 11, 2019 I sold a large quantity of stock that I had in my etrade account, on which I realized an estimated capital gain of $143,431.40. I am retired and my other federal tax liabilities for 2… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,298 satisfied customers
Since 2012 I have been getting Starbucks stocks in a
Since 2012 I have been getting Starbucks stocks in a Fidelity account since I work for Starbucks. In 2018, I cashed in $18,718 and took the money. Turbotax is asking me to enter the cost basis of all … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,106 satisfied customers
I just received Form 1099 Composite and/or Year End Summary
I just received Form 1099 Composite and/or Year End Summary documents, prepared on JANUARY 25, 2019, i sold a few very small shares that i bought this year 2019 the timing doesn't matter as i had the … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,736 satisfied customers
I just received Form 1099 Composite and/or Year End Summary
I just received Form 1099 Composite and/or Year End Summary documents, prepared on JANUARY 25, 2019, i sold a few very small shares that i bought this year 2019 the timing doesn't matter as i had the … read more
Sandra Stearns
Sandra Stearns
Sr. Asst Director - Accounting and Finan
Masters
199 satisfied customers
I need to talk to a tax advisor. i have multiple ownership
I need to talk to a tax advisor. i have multiple ownership structure with one common owner and i need to determine the controlled group to see which group is considered ALE for ACA compliance… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
7,731 satisfied customers
I received a CP2000 from IRS for 2016 tax return I filed
Hi - I received a CP2000 from IRS for 2016 tax return I filed with Turbo tax. I think I entered the stock that I had vested and was sold to cover incorrectly ($6k was forced as sell to cover for taxes… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,162 satisfied customers
Tax Question: What exactly is "net unrealized appreciation."
Tax Question: What exactly is "net unrealized appreciation." I have attached an e-mail from the broker that gives the after tax basis, but says it is "net unrealized appreciation" and couldn't give th… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,106 satisfied customers
Tax Question, I have no idea how to calculate this. I see
Tax Question, I have no idea how to calculate this. I see code 12V on the W-2 for $28,991.87. Then there is the brokerage statement with the restricted stock sales of $86,151.63, but I don't think the… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,736 satisfied customers
I sold a lot of short term investments in 2014. In years past
I sold a lot of short term investments in 2014. In years past I could enter the short ter transaction into my Hr block software. I have 20 pages of short term transactions. my broker as provided me a … read more
Anne
Anne
Master Tax Preparer
2,601 satisfied customers
There are many transactions on a Form 1099B and they are
There are many transactions on a Form 1099B and they are under the box 1 where the tax basis IS reported to the IRS. Since the basis is reported to the IRS, on Form 8949, can I just have one line item… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,666 satisfied customers
My Fidelity broker will furnish me with a detailed list of
My Fidelity broker will furnish me with a detailed list of all my covered (stock and options) transactions, including date acquired, date sold, number of shares, sale proceeds, adjusted cost basis, sh… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I have liquidated from Sharebuilder (the online from ...
I have liquidated from Sharebuilder (the online from doom) and have 24 fractional stocks that by selling them, I made 394.14. I have been told the IRS has 4 different ways you can calculate, so is the… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
Determining Cost Basis/Total Proceeds from Stock Sale
In 2001 I bought 100 shares of a stock (RBAK) for $3545.45 and finally got rid of it last year. In Jan or Feb 2004 this stock did what was termed a "multiple exchange into new common and two warrant i… read more
Barbara Lamar
Barbara Lamar
Attorney, CPA
Doctoral Degree
108 satisfied customers
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