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Deductions & credits
@ACtaxpayer , having read through original post and agreeing with the comments/answers by @DavidD66 , just wanted to point out that gains are ONLY given capital treatment if , and only if , the underlying asset was held / owned for ONE YEAR or longer. I hope you have had at least 365 days between the two closings ( buying and selling ). Else the gain will be treated short-term and taxed as ordinary income.
‎January 29, 2023
3:34 PM