Potatos_are_not_friends@lemmy.world to News@lemmy.world · 9 months ago13 states will join the IRS direct income tax filing pilot in 2024 - The Vergewww.theverge.comexternal-linkmessage-square68fedilinkarrow-up1352arrow-down11cross-posted to: hackernews@derp.footechnews@radiation.partytechnews@radiation.party
arrow-up1351arrow-down1external-link13 states will join the IRS direct income tax filing pilot in 2024 - The Vergewww.theverge.comPotatos_are_not_friends@lemmy.world to News@lemmy.world · 9 months agomessage-square68fedilinkcross-posted to: hackernews@derp.footechnews@radiation.partytechnews@radiation.party
minus-squareSaltySalamander@kbin.sociallinkfedilinkarrow-up4arrow-down4·9 months ago This information is already furnished to the IRS The fact that you sold it is already furnished to the IRS, yes. But not what your cost basis was, therefore not what you actually owe. You have to either calculate that yourself or have someone who knows what they’re doing do it for you.
minus-squareZorg@lemmings.worldlinkfedilinkarrow-up5·9 months agoSome fancy trades perhaps not, but I have yet to have a line item not have this on it: (basis reported to the IRS)
The fact that you sold it is already furnished to the IRS, yes. But not what your cost basis was, therefore not what you actually owe. You have to either calculate that yourself or have someone who knows what they’re doing do it for you.
Some fancy trades perhaps not, but I have yet to have a line item not have this on it: (basis reported to the IRS)
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