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Instructions for Form 1099-B see the current Instructions for Form 1099-CAP. Enter in box 1d the aggregate amount of cash and the fair market value (FMV) of any stock and other property received in exchange for stock held in your custody. If identical stock is sold at separate times on the same calendar day by a single trade order and a
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When selling a rental property, you can use your losses to offset capital gains. In other words, if you sell a $800,000 property for $700,000, you can take $100,000 of tax-free profits that tax year.