I am assuming this is a vacation home & not a rental property. With that in mind, since you say these were repairs rather than improvements, your expenses canno...
This is difficult to answer without knowing all of your information, but Section 1231 gain is indeed long term Capital gain. Capital gain can be taxed as high a...
Your brokerage statement should indicate which box you need to use for each type.Assuming your short and long term transactions are "covered", the short term is...
You're right, you don't need to repay the credit. The $8000 credit you received is considered a reduction in your cost, so you need to enter it to adjust your b...
I should have said "Your basis in your remaining BBD stock is reduced by .31." The Return of Capital distribution is not taxable income (until your basis goes t...