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  • Home
  • Training Checklist
    • Ethics & Intake
    • Intake Interview
    • Dependents
    • Filing Status
    • Practice Lab
    • Income >
      • CAPITAL GAINS
      • Self Employed
      • Entering Income
    • Adjustments to Income >
      • HSA
    • Standard Deduction >
      • Itemized Deductions
    • certification
    • Taxes
    • Credits >
      • Non-Refundable
      • refundable credits
      • Education Credit
    • Marketplace
    • Finishing a Return
    • Quality Review & Print Sets
    • Explaining a Return >
      • Refunds
      • Balance Due
  • Study Guides and More
  • Volunteer Agreement
  • PRACTICE SCENARIOS
  • Coordinators
  • Amendment
  • Spanish/Espanol Training
  • Foreign Student
  • W-7 ITIN APPLICATION
  • FAFSA
  • VALET & VIRTUAL
  • CERT ACCEPT AGENT
  • Financial Literacy
  • LITC
  • CE CREDITS
  • POA
  • Transcripts
  • Interpreters
  • MASKED TRANSCRIPTS
  • Misc Info
  • Customer Portal
  • PRESEASON WORKSHOP
  • For Clients
  • New Host Site Info
  • Missing SSA-1099
  • United Way of Lee, Hendry & Glades
  • ID.ME
  • Age Reference
  • RECORDING OF TRAININGS
  • Changes

CAPITAL GAINS
TRAIING AND EXAMPLES OF STATMENTS

Capital Gains Training Class

Click image for Video of Training or click here to download the Powerpoint Presentation 
Or ​Click here to download the PDF of the presentation
Practice scenarios: TY2022

The Jones'
              Interview Notes
              Brokerage Statements
              Jones 1040
              A few comments on Jones
              Review of Return with client

The Kanters 2022
              Interview Notes
              Brokerage Statements
              Primerica Brokerage Stmts

              Kanters 1040   
              Review of Return with client 


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Cost not Reported?
If client is unable to get cost form brokerage company-- you can contact your local library research department, or use a search tool on-line like this one: 
  • Yahoo Finance (Stock Prices)
    Stock prices going back to the 1970s may be available on this site.
    Begin by doing a search using the company ticker symbol. Then choose "Historical Prices" from the blue bar on the left.
    Choose start and end date. Choose whether you need daily, weekly, or monthly data. Add ticker symbol and click on "Get Prices." Data is from CSI Commodity Systems Inc. Disclaimers and FAQ appear at the bottom of the page.



Below are more examples of different statements you may see


American Enterprise Investment Services-Sample Brokerage Statement (Interesting Scenario--please review this one)
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Here is the Corrected Brokerage Statement the client got in May--I amended the return to reflect the changes (and to enter the missed 2nd statement that was buried in brokerage statement shown above).
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Older but still good:
I wanted to share some different types of Brokerage statements, how to enter them, and what to watch for.
Remember to use your PUB 4012 and PUB 17 if you have questions.
​See below
What most of our Broker Statements Look Like-honestly
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Primerica Dividend Statements:
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Primerica Dividend Statement Explained... What were they thinking?
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Charles Schwab Sample Statement
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Charles Schwab-a look at the Brokerage Statement
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Here is a different 1099-B with inherited stock-- cost basis not shown on the form
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Click  here to go back to income page
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About
Contact Me
You can contact me at maryvitataxes@gmail.com 
Please note: I, Mary Meador, AM NOT a certified accountant or tax law expert. I volunteer with VITA providing free tax preparation for individuals and families whose income is less than $66,000 a year. We deal with simple returns at our sites.  I cannot guarantee the accuracy of all the information on this site as tax laws change and I may not have a clear understanding of complicated issues. I am trying to provide basic tax preparation information for our volunteers to get started--remember Publication 4012 is your go-to resource for questions, as well as irs.gov and Publication 17.  I hope you find this information useful and easy to understand. Thanks for being a VITA/TCE volunteer!​