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Deductions & credits
Look, I think we are beyond the academics of what should and shouldn’t be considered a capital gain in this situation. What you’re not getting into despite my repeated efforts to steer the conversation back into this direction is HOW? How do folks properly file their taxes to reflect this reality? Remember, the IRS is going to see your purchase price of 50k, and a sale for 125k.
August 15, 2021
10:11 PM