Taxes For Dummies by Eric Tyson & Margaret Atkins Munro

Author:Eric Tyson & Margaret Atkins Munro [Tyson, Eric & Munro, Margaret Atkins]
Language: eng
Format: epub
ISBN: 9781394226467
Publisher: Wiley
Published: 2023-11-21T00:00:00+00:00

Tracking basis is a long and often tedious process that many people opt not to do, but having accurate records is worth it in the end. Maintain a permanent file folder for receipts, confirmations, and any other important information. Keep your computer records up-to-date (if you use a computer to track your basis) so that you can prove your basis should the IRS ask.

Now that you know how and where to find the information that you need to tackle your 2023 Schedule D, you can confidently begin.

Part I, Lines 1–7: Short-Term Capital Gains and Losses

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