Have not sold a single share of MO or PMI since I purchased the original stake in '97. Reinvested dividends since then, become a huge part of corp 401k account. Employees like me.
Not much different from refinancing real estate: pay off higher note by getting lower rate for more years. The key is to survive the downturn.
Hmm, I think mine is correct. The sales worksheet says that the numbers go to 6251 line 17. My way affects the value that TT puts there whereas your way ("Net Gain from Disposing of Investment Property") does not.
In any case, this entire KMP exercise made me realize that I forked up last year's sale of EEP (overpaid!) and I need to file amended 2013 returns.
The only issue is how solid is the book value. BV is a bit easier to assess with liquid marketable assets but as we know, the values of these things can fluctuate.
Ok switching to interview mode, I got to a page titled: Enter Gain or Loss Adjustments. Based on the sales worksheet, I put some of column 11 in short term, the rest in long term. Is this correct? Thanks!
I have everything inserted but not clear what I am supposed to do with column 11 on the sales worksheet. Following through TT, form 6251 line 17 says that it comes from the 6251 Worksheet. Those numbers come from the AMT schedule D and the regular schedule D. The numbers on those scheduled were calculated for me based on the data on the Form 1099-B worksheet. So am I still supposed to do something here? Thanks.
Slowly crawling out of the wreckage. Another 10 or so dollars and I will have round tripped! Shoulda, coulda, woulda I had bought more when it went down to $3-4.