I sold stocks in 2016 and paid federal taxes. Do I deduct it from my gain? And it said I have to send form 8453 but there is no box to check that has to do with stocks.

jaw731 — Wed, 05 Jun 2019 18:38:42 GMT

You are mixing up apples & oranges.... if the broker with...

Critter — Wed, 05 Jun 2019 18:38:43 GMT

You are mixing up apples & oranges.... if the broker withheld federal or state taxes when you had the sales then you do NOT reduce your gain or your basis. https://ttlc.intuit.com/questions/2786576-where-do-i-enter-taxes-withheld-on-a-1099-b

And the form 8453 is used to send a copy of the broker statement if you choose to not enter every sale and only enter the category totals on the form 8949 ... see the last option ... https://www.irs.gov/pub/irs-pdf/f8453.pdf

topic I sold stocks in 2016 and paid federal taxes. Do I deduct it from my gain? And it said I have to send form 8453 but there is no box to check that has to do with stocks. in Investors & landlords

I sold stocks in 2016 and paid federal taxes. Do I deduct it from my gain? And it said I have to send form 8453 but there is no box to check that has to do with stocks.

You are mixing up apples & oranges.... if the broker with...