Thanks for your reply PK.I appreciate.
Coming to your reply:
a,b,c.d.e your understanding is 100% correct.They won't give 1099B or S kind off.
Regarding point 3---Line item 1a) you mentioned that the gross income ==Sale price minus expenses( costs of acquisition) .Correct?
In this case that is the same case in schedule D :
[Column d) Proceeds(sale price) ] Minus [column e) Costs of acquisition+Line f) Capital improvements ] ==line h) capital gains.
So I presume that what you mentioned in point3) is to be again line h) or is it line d)?
I presume it is equivalent amount of line h in sch D.--the gain.
Please correct me if it is otherwise.
Many thanks.
