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Get your taxes done using TurboTax
@Valeo09 Yes. The "Ord Gain" is broken out so that it can be reported on Form 4797, which will flow to your 1040 and be taxed at your "Ordinary" rate. The rest of your gain is reported on Sched D and taxed at your "Capital" rate.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎April 2, 2023
11:15 AM