sbpilates
Returning Member

Get your taxes done using TurboTax

only in the last 2 years did he.  His Parents passed away and he inherited some funds.. He invested that in the Stock market. Made a Big gain in 2021, then pretty much lost it all in 2022.  He has a very small amount of funds left.  No Property, only a Truck and some funds left in the brokerage account..  I assume he owes taxes for the 2021 year where he made a gain. But without any other info its pretty hard to file.  And if i simply reach out to the IRS they will try to bait me into something that I have no clue about .  Its really amazing that the CPAs i have been talking to seem to have no clue in this case..  Its also amazing to me that the IRS never ever audited him.