Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: OD Bobo who wrote (785)	3/21/1998 12:57:00 PM
From: Colin Cody	Read Replies (1) of 5810

Cash in Lieu reported on 1099-B goes on Schedule D. You are entitled to allocate some small %% of your cost to the cash-in-lieu (deducting that portion from the remaining portion of your COMS. But many people don't bother with it, they just report the proceeds as a capital gain. Colin

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