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Reporting gift stock and taxes not coming out when I enter proceeds and cost basis
I am doing my daughter's taxes and I gifted her some stock a couple years ago. I am trying to figure out where I report the stock as a gift, because I am not getting that question asked. Also, when I put in sales proceeds of about 20000, the federal refund box at the top does go down, which makes sense, but when when I put in my cost basis, the refund amount goes back UP to what the original amount of refund was before I entered the proceeds. With the stock sale, she and her husband have total income of about 100k. Help!
March 1, 2023
7:39 PM