this post was submitted on 08 Oct 2024
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Canada
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better get em before they hit $100
If I buy the 82 dollar turkey today and sell it when the turkey market hits 100 do I have to declare turkey capital gains
Yes but you have to declare it verbally in person while gobbling.
did you take possession of the turkey or did you buy intangible turkey?
This may be a home but yes, it's from 8949 which is reported on schedule d which is then reported on form 1040.