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Sale of business shares
I bought shares in a small business about 5 years ago. I sold my shares last year and I received a 1099 misc for the full amount of the sale. I have 2 questions. 1. I should only have to pay taxes on the profit of the sale not including the initial investment, correct? 2. What is the proper way to enter the initial investment in Turbo Tax. Thank You, Mason
‎February 9, 2020
11:18 AM