@Mike9241
Last question:
If I only made a gain of $585 on the sale, why do I have to claim $1800 as ordinary income? I know for sure I didn't make a profit of more than $900 on the sale...I could understand taxing part of my gain as ordinary income but I'm paying capital gains on the entire profit and being taxed on $1800 I never made...
Dazed and confused
