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Level 1
November 2, 2022
Question

Schedule D- Short Term Capital Gains

  • November 2, 2022
  • 2 replies
  • 16 views

Hi,

The amount report in box 1b (Proceeds, cost) is an actual asset when separating assets in a divorce? It shows 73 millions of total transactions. 

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2 replies

Just-Lisa-Now-
Intuit Community Champion
November 2, 2022
That would be what the stocks sold for. Why are you separating assets in a divorce? That's what their attorneys get paid for.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15
November 3, 2022

Separating assets is not a taxable event. Selling them is.

The more I know the more I don’t know.