Myself and my colleagues did a thorough software investigation and came up with the following conclusions.
- The first 15 steps are correct.
- The sixteenth step, Section 1202 is the option to choose.
- In the amount that is asking how much can be excluded. Here you will put 50% of the gain, which should be $450.
If you find your tax hasn't been reduced, it means your capital gain was never taxed in the first place. This is a long-term capital gain and any long-term gains under $44,625 are taxed at 0%. Any exclusion of capital gains will not make a difference in your return.
Please disregard my previous post. We don't need the token.
@daves95409
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