marctu
Employee Tax Expert

Get your taxes done using TurboTax

@nbizic56 thank you for the follow up question.   So the $120 is claimed as ordinary income in the year received, and as you write for confirmation below you would have either a $20 capital gain or loss.  

 

Be well and safe.

 

All the best,

 

Marc T.

TurboTax Live Select Time Tax Expert

26 Plus Years of Experience Helping Clients

 

 

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