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Return to income

I have a question about stock sales taxes. How do I report sales of stocks from a 1099-B tax form?

Regarding stock sales taxes, report sales of stock on Form 8949 rather than a 1099-B tax form:

  • Use Part I for stock owned for one year or less
  • Use Part II for stock owned more than one year

Include these:

  • Sale price
  • Sale date
  • Date acquired
  • Original purchase price

After you list all of the transactions, total each column. Then, carry the totals to Schedule D. Follow the instructions for Schedule D. Your losses and gains will be in Column (h) of Lines 1, 2, 3, 8, 9, and 10.

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Calculators

So how much will you get (or owe) this year? That’s the million-dollar question. We happen to have three very useful calculators to help you estimate your refund or balance due.

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