Stock sale on tax return reporting question?

Use the 1099-B forms to direct your entries on the schedule D.

For each entry on the 1099-B, you need a corresponding entry. Use the new name.

If you sold all the stock, it's pretty easy--sale price - basis = gains/ loss. The number of shares is meaningless if you sold all of them.

Use your original cost as the 'basis' and report the amount you received as the sale. The difference will be your gain or loss on Schedule D.

If you lose more than $3000, you can only take $3000 but can carry forward to the next year or several years until the loss is fully deducted.

The $3000 is the 'net' of gains and losses, so if you Gained $10000 on one item and lost $ 15000 on another one you could deduct $ 13000 against the $ 15000; i.e. the net $3000 and carry forward the remaining $2000

So ultimately your split was 3 for 10. Your cost price per share is

your price of a share X 10/3

i'm no longer acquainted with any $5000 tax credit your guy or woman exemption is $3650 and your popular deduction is $5700, to be conscious to decrease your gross earnings, which contains your inventory sale constructive factors