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Get your taxes done using TurboTax
@buzhidaoist If the dollars involved were significant, I'd be suggesting a CPA. There's just too many questions that would need to be answered to find the "right" answer. But for the numbers involved, rounding up to $17 proceeds and 0 basis seems like the best bet.
Alternatively, if the holding periods for the two sales are the same (e.g., both short term), you could just move $3 of basis from the "good" one to the "negative" one.
Note: this is in no way tax advice, legal advice, or advice in general. Its just me musing about the simplest way to solve a messy tax situation, where the net tax impact might be around $1.
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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 1, 2021
4:59 PM