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- How to not include as taxable income 1099 B short term gain or losses from covered and uncovered transaction
How to not include as taxable income 1099 B short term gain or losses from covered and uncovered transaction
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Sears
Level 1
04-14-2022
08:16 PM
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1099 B short term gain or losses from covered and uncovered transaction that should not be included in taxable income if taxpayer had not taken distributions. How to ensure the gains or loss are not included in taxable income?
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jeffmcpa2010
Level 11
04-14-2022
08:33 PM
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"should not be included in taxable income if taxpayer had not taken distributions"
What do you base the quoted statement on?
You may need to do some reading on when capital gains taxation in general and specifically when they are taxed.
