How to record the sell of stock to family members on your tax return?

Answer 1

Same as any other taxable event.

Answer 2

in case you right checklist it to the IRS properly, then you extremely in all threat do no longer could pay. despite the fact that, in case you do no longer checklist it to the IRS, then the preliminary deposits do no longer count extensive type, and each and each of the money is considered earnings, so which you do could pay various tax, plus you besides mght could pay the penalty for no longer reporting it.