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1) You uploaded the csv file into Federal 1040 Schedule D / form 8949. I would expect long term capital gains to be taxed at the capital gains tax rate. The capital gains tax rates for 2021 are 0%, 15% and 20% and depends upon your adjusted gross income (AGI) of your tax return. See here.
2) I do not know whether the 1099-MISC and the data on the csv duplicated income. You will have to compare the detail of the two if you have detail for the 1099-MISC income.
Is the csv file also a 1099-B broker statement that will be reported to the IRS? I am assuming that it is. Your records may give you more guidance. If the csv is also a 1099-B broker statement, the IRS will be looking for both forms of income to be reported.
What box was 1099-MISC income reported in? Was there Federal withholding reported on the 1099-MISC? I would expect you tax burden to go up when you added the 1099-MISC income if there was no corresponding Federal withholding reported.
1) You uploaded the csv file into Federal 1040 Schedule D / form 8949. I would expect long term capital gains to be taxed at the capital gains tax rate. The capital gains tax rates for 2021 are 0%, 15% and 20% and depends upon your adjusted gross income (AGI) of your tax return. See here.
2) I do not know whether the 1099-MISC and the data on the csv duplicated income. You will have to compare the detail of the two if you have detail for the 1099-MISC income.
Is the csv file also a 1099-B broker statement that will be reported to the IRS? I am assuming that it is. Your records may give you more guidance. If the csv is also a 1099-B broker statement, the IRS will be looking for both forms of income to be reported.
What box was 1099-MISC income reported in? Was there Federal withholding reported on the 1099-MISC? I would expect you tax burden to go up when you added the 1099-MISC income if there was no corresponding Federal withholding reported.
Thanks for your response.
I just figured out everything. I was missing something important about capital gain.
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