jasdlm Posted May 5, 2021 Report Posted May 5, 2021 Does anyone have any experience in reporting 988 transactions? I have read the instructions, but I still can't figure out exactly how/where to report. What I think I'm supposed to do doesn't appear to be supported by ATX. I think I'm doing this incorrectly. I *think* I just net the gains/losses and report on what used to be Line 21 (now line 8 of Schedule 1), but it is not in the ATX list in a way that I recognize, so I just label it 988 exchanges and put the net number? (In this case a loss). Thanks for any advice! Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.