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im doing my taxes and am filling the Schedule D Form 1040 for Short-Term Capital Gains and Losses.
Im am confused on what the difference is between Sales Price and (Cost or other basis). What is Cost and other basis? Thanks.
Posts: 785 | From: la | Registered: May 2005
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simply put, cost or other basis is what you paid for the stock including commission
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003
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tax season is fun tax season is fun taxseason is fun tax season is fun tax season is fun taxseason is fun tax season is fun tax season is fun taxseason is fun tax season is fun tax season is fun taxseason is fun tax season is fun tax season is fun taxseason is fun
all tax and no play makes jim a dull boy! Sure takes a bite outta da profits eh?
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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Not promoting this software, but scroll down the page and you'll see a good example of the difficulty in figuring out the effects of the "wash sale" regs...
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Turbo changed their entry format also. Made up for entering 6 or more figures.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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