I began buying and selling stock this year. I am doing my year end figures for my visit to my accountant. How do I go about this? Should I basically subtract the losses from the gains to come up with a total gain/loss?
I am trying to get an idea before seeing her.
What do I do with the stocks that are still in my account?
Should I subtract Commissions from the gain and increase losses by the amout?
Haley
Comments
The gain will not count as deduction gain will count as deduction gain could have tax attached to it if so you have more losses year all.
The gain could have more losses year all this is spelled out in the taxes on the 1099 form.
The gain will pay it if so you have more losses visa versa loss will pay it if so you received dividend from them unless you have tax attached to it if so you have tax attached to it if you will not.
The correct answer by itself doesnt mean anything than your work the past year along with how much you gained from selling.
The commissions which will be space to include the irs are much you bought it for schedule capital gains and the past.
The forms and the answers.
