JamesG1
Expert Alumni

Get your taxes done using TurboTax

1) You uploaded the csv file into Federal 1040 Schedule D / form 8949.  I would expect long term capital gains to be taxed at the capital gains tax rate.  The capital gains tax rates for 2021 are 0%, 15% and 20% and depends upon your adjusted gross income (AGI) of your tax return.  See here.

 

2)  I do not know whether the 1099-MISC and the data on the csv duplicated income.  You will have to compare the detail of the two if you have detail for the 1099-MISC income. 

 

Is the csv file also a 1099-B broker statement that will be reported to the IRS?  I am assuming that it is.  Your records may give you more guidance.  If the csv is also a 1099-B broker statement, the IRS will be looking for both forms of income to be reported.

 

What box was 1099-MISC income reported in?  Was there Federal withholding reported on the 1099-MISC?  I would expect you tax burden to go up when you added the 1099-MISC income if there was no corresponding Federal withholding reported.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post