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Gains on stock sale
I have a 1099-composite from Schwab that shows me selling some stock for a $14 profit. Are those actually taxable? I can’t find anywhere that talks about that. It isn’t proceeds from the performance of a public office…
Kury and Marlou2 Comments-
Under the CTC curriculum they are not. However, the 1099 should be corrected with a jurat attached and submitted with your return.
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I recently received a large sum from the penalty fee they took for early withdrawal. I did the correction and got the money back it was from 401 k distribution. 10 percent . In short the process works
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