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Deductions & credits
If you have not sold any of the stock, it does not need to be reported. Did you report sales on your federal return or do you have a Schedule D in your return? If you do, Form 561 is asking for information about the property reported on Schedule D. But Schedule D is only going to report sales of property, not appreciation.
And you can delete forms that you do not need in your returns.
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March 9, 2021
5:27 PM