Replies to post #12655 on Archie's Corner (POW)

[RunninAmuck]

I suppose it's entirely possible this new tax law could have some extra relief (like maybe an added $3,000 deduction in the case of needing to sell to pay taxes). I'm just now studying these new changes but haven't gotten that far into it yet. I guess my first question would be "How would your broker know why you sold the stock"? Because you told him so? It seems kind of silly in that case to require a broker statement to that effect, but the IRS has some whacky requirements anyway. It's just all part of their "Paperwork Reduction Act"! LOL ... Amuck