Don’t forget you need to declare capital gains/ and/or losses within filing of your Federal Income Tax on April 15. These instructions will provide you with an explanation about how to complete Schedule D (Form 1040) to properly report to the IRS. You can use Schedule D (Form 1040) to report the following:
- The sale or exchange of a capital asset not reported on another form or schedule.
- Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit.
- Capital gain distributions not reported directly on Form 1040 (or effectively connected capital gain distributions not reported directly on Form 1040-NR).
- Nonbusiness bad debts.
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