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?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
gigi79
Level 1
DCM3811
New Member
drhenner
New Member
dye-driver0e
New Member
in Education
kaylajarvi
Level 2