DGL
Level 2
12-07-2019
05:53 AM
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CLIENT OWNS 100,000 CLASS C UNITS SOLD BY CLIENT TO THE COMPANY.IN A REPURCHASE. PURCHASE PRICE PER UNIT IS $3.00. WHERE IS THIS TRANSACTION RECORDED ON SCHEDULE D?
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qbteachmt
Level 15
12-07-2019
05:53 AM
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You've asked Three Times. Please, just wait until someone helps; these are Volunteer peer users, and everyone is a bit busy right now. And please, Stop Starting Over.
Thanks.
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.
DGL
Level 2
12-07-2019
05:53 AM
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Thank you. Please accept my apology. Did you know the answer?
Kathi_at_Intuit
Employee
12-07-2019
05:53 AM
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@George4Tacks I know you helped with the answer. Thank you!! Do you know where it should be reported on the Schedule D?
TaxMonkey
Level 8
12-07-2019
05:53 AM
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OK your choices are short or long term, and covered, not covered, not on 1099-B. You did not provide any of that information in your post.
Short or long term - when did he acquire and when did he sell.
guess is not 1099-B or you wouldn't be asking the question.