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    walowry's Avatar
    walowry Posts: 3, Reputation: 1
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    #1

    Dec 17, 2006, 02:06 PM
    Long Term Capital Gains?
    I used TaxAct to do my 2005 taxes. During 2005 I sold stock that I held for more than 2 years. When I reviewed the TaxAct print out, there was no discount on the gains from the stock sale. When I sold stock in the past (long term), only a portion of the gains was recorded as income. Is long term still available? If so, what form should I review to correctly show my stock sale.

    Thanks
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Dec 17, 2006, 03:01 PM
    Double-check to make sure you entered the correct dates for When Purchased and When Sold.

    Check Schedule D for the computations.
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