This is my first time dealing with capital gains and 1099-B.
- You always learn the most from the first time.
If I am below the threshold for that year (which is the case) and the 1099-B has been completely reported so far, then there is nothing else to deal with as far as that matter goes?
- That is correct. Your 1099-B issue is closed, and you got a benefit that you didn't expect. You can always ask questions, but TurboTax can do the heavy lifting.
Nothing else to report other than regular wages and expenses for the year?
- The wages mat effect your zero-capital gain status. If it does, TurboTax will adjust for it.
I just want to make sure I'm not misunderstanding, it's all new to me.
- You have done just fine. It's been a pleasure to work with you and continue to ask questions as needed. We have a team here that can help.
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