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with Amy Wall

Reporting Investment Income From Securities

Learning Objectives:

  • Correctly report sales of stocks and mutual funds with necessary adjustments
  • Distinguish different types of dividends, non-dividend distributions, and payments in lieu
  • Explain the taxation of DRIPs
  • Analyze the tax basis of investment assets that are purchased, gifted, inherited, received in divorce
  • Apply the netting concept of gains and losses


Course Overview

Course Details
  • Level: Beginner
  • Cost: Free
  • Field of Study: Taxes
  • Advanced Prep: None
  • Credit Type: CE & CPE
  • Credit Hours: 2
Course Description
This course discusses the importance of understanding and correctly reporting investment income from securities on tax returns. It highlights various types of income generated from stocks and mutual funds, such as dividends, distributions, and gains or losses from sales. Amy Wall emphasizes the need to make adjustments when the broker's reported basis is incorrect, depending on whether the transaction is covered or non-covered. Understanding asset basis in cases of inheritance, gifting, or divorce, as well as knowing the criteria for qualifying as a trader in securities, are also important aspects covered. Sign up today and learn how to delve into these nuances!


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    Course Details