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Bought 1000 shares of a stock, sold off in two 500 share loads at 2 diff times gmathew85 04-16-2007
Posted by gmathew85 on April 16, 2007, 6:26 pm
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 Bought 1000 shares of a stock, sold off in two 500 share
loads at 2 diff times

How do I report this?

<< ======================================================= >>
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<< that may be imposed upon the taxpayer. >>
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Posted by Phil Marti on April 16, 2007, 7:04 pm
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> Bought 1000 shares of a stock, sold off in two 500 share
> loads at 2 diff times
>
> How do I report this?

Two entries on Schedule D of Form 1040. See IRS Publication
550 and the instructions for Schedule D.

--
Phil Marti
Clarksburg, MD

<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Herb Smith on April 18, 2007, 1:57 am
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gmathe...@hotmail.com wrote:

> Bought 1000 shares of a stock, sold off in two 500 share
> loads at 2 diff times
>
> How do I report this?

Schedule D. Depending on whether you sold in the same year,
or separate tax years, you may need to report in those
years. Are you sure that you are ready to deal with stock
ownership? It gets a lot more complicated than this.

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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