Skip to main content
Level 1
April 15, 2022
Question

How to not include as taxable income 1099 B short term gain or losses from covered and uncovered transaction

  • April 15, 2022
  • 1 reply
  • 9 views

1099 B short term gain or losses from covered and uncovered transaction that should not be included in taxable income if taxpayer had not taken distributions. How to ensure the gains or loss are not included in taxable income?

This topic has been closed for replies.

1 reply

Level 10
April 15, 2022

"should not be included in taxable income if taxpayer had not taken distributions"

What do you base the quoted statement on?

You may need to do some reading on when capital gains taxation in general and specifically when they are taxed.