Find solution
Should i fill my schedule up a little more?

Income tax questions: Do I fill out a 1040 schedule D if I sold stock at a profit of less than $700?

  • Do I fill out an income tax 1040 schedule D form if I sold stock at a profit of less than $700? I'm hearing different answers from a few different people. Someone said that I would only use schedule D if my gain was over $1500. Anyone know the answer? Thanks!

  • Answer:

    You use Schedule D to report all sales of capital assets, including stocks and bonds, but (usually) excluding your main home. Stock profits are not tax free just because they are under $1,500. You can verify the requirements by reading the instructions to Schedule D or the instructions for line 13 of Form 1040.

Mary R at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

Yes, Sch D

botygy

Hi Mary, you should only use schedule D if your gain was over $1500 so they are correct. I would definatly consult a CPA or your tax preparer for a 100% confirmation.

TNA Ambassador

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.