Solved
EIC qualify if they received $78000 in stock sales but had a cost basis of 83000, so a loss?
Good Morning all! Ok, I have a 22 year old, single, no children. He only made about $15K at a W-2 job but he cashed in stocks for a total of $78K. His cost basis, short term, was $83K. Does he still qualify for the EIC? That just seems wrong to me. I think I'm just jealous because there were no CTC or EIC when I was young (with kids). We each had to work 2 jobs to get money and pay bills. OK...rant over. 😐
