Pacun Posted February 27, 2014 Report Share 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 Link to comment Share on other sites More sharing options...
Pacun Posted February 28, 2014 Author Report Share Posted February 28, 2014 I agree with Pacun. 3 Quote Link to comment Share on other sites More sharing options...
Pacun Posted February 28, 2014 Author Report Share Posted February 28, 2014 Another thing made easier for us is stock basis listed on 1099-B by fidelity and others. 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.