You'll need to sign in or create an account to connect with an expert.
They don't go together. If you sold, $5,000 that gets reported on the tax return. You did get $5K of income and that needs to be shown on the return.
The purchase of the $3,000 does not get shown on the return, it only gets entered when it is actually sold.
They don't go together. If you sold, $5,000 that gets reported on the tax return. You did get $5K of income and that needs to be shown on the return.
The purchase of the $3,000 does not get shown on the return, it only gets entered when it is actually sold.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jyork1974
Returning Member
jyork1974
Returning Member
taxman33
New Member
dorothytomburns
New Member
devinrendon27
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.