I have a question about taxes on stock option sales. Where do I report nonqualifying stock option sales?
Your basis in the stock is the sum of:
- What you paid to sell the option
- Compensation included in your income when you sold the option
Do you have to pay capital gains if you sell your rental property? Learn more from the tax experts at H&R Block.
Form 709 is the IRS tax form that’s required in certain gift giving situations. Let the experts at H&R Block help you determine when Form 709 should be filed.
What is a capital gain distribution? Learn more about form 1099-Div Box 2A and get tax answers at H&R Block.
Up to 50% or even 85% of your Social security benefits are taxable if your “provisional” or total income, as defined by tax law, is above a certain base amount. Your Social Security income may not be taxable at all if your total income is below the base amount.