Investors & landlords

Are you speaking about your LT Cap Loss?

I didn't understand just what you meant. Was that within the NUA? Perhaps more explanation?

How did you pose the question to ChatGPT

 

With ChatGPT and CoPilot I frequently encounter errors. Both are great sources but "Trust but verify".

Early on in my researching how to report the NUA sales I asked ChatGPT and CoPilot

Are proceeds from the sale of a stock held in an NUA subject to the NIIT.

Both answered that they were.

Following my challenge that the instructions for Form 8960 clearly stated they were not, both changed corrected their answer.

In checking today 12/30 the same question is now answered correctly.

 

It looks like you aren't going to get a response to your posting. Perhaps too complex of a question?