Which tax form do I use to report stock market stuff?
2007-01-06 05:50:11 · 3 answers · asked by Tony 6 in Business & Finance ➔ Taxes ➔ United States
You report dividends received on Schedule B and gains and losses on Schedule D. If you are going to do your own tax return, do it online (you can access a variety of vendors from www.irs.gov - click on the FreeFile icon). There are two reasons. Firstly, the program will take care of the correct form to use. All you have to do is get the correct information in. Secondly, a lot of reliefs got extended after the forms were printed so they will not appear on the paper forms. Again, decent software companies will take care of this irritating issue with minimum fuss.
If you are in any way concerned about your ability to prepare a return (capital losses can be problematic) please consult a CPA or Enrolled Agent. Do not trust this to H & R Block, unless you can be guaranteed an experienced preparer who also understands state tax law.
2007-01-06 05:59:41 · answer #1 · answered by skip 6 · 1⤊ 0⤋
What type of "stock market stuff"? Not enough information is given. Schedule D is where one would report the sale of stock. See the links below for more complete information.
2007-01-06 05:59:25 · answer #2 · answered by Mr. Zimmer 3 · 1⤊ 0⤋
Sales of stocks/bonds/mutual funds, etc are reported on Schedule D.
2007-01-06 05:58:26 · answer #3 · answered by beached42 4 · 1⤊ 0⤋