Pacun Posted February 27, 2014 Report Posted February 27, 2014 I reported the sale of a primary residence at a loss. This is a very simple process using form 8949 and Sch D and you only have to enter a couple of codes, date of purchase, date of sale, and cost and selling price. I only selected option F, then code L, because I was getting 3K of losses on form 1040 and voila. I have also noticed that the form (982) to report a 1099-C when the taxpayer is insolvent couldn't be simpler. I also had a person who sold 3 sets of stocks with no wash sales so I reported them on schedule D with a few entries. This seems to be a nice improvement. Have you noticed any other simplification for reporting certain transactions? Please comment what I said. Quote
Pacun Posted February 28, 2014 Author Report Posted February 28, 2014 Another thing made easier for us is stock basis listed on 1099-B by fidelity and others. 1 Quote
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