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Author: pmarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Re: Schedule D-section 4 Date: 3/14/2001 11:26 AM
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If I have one long term capital gain item, and no short term gains or losses, it appears that I cannot use the tax calculation provided in section 4 of schedule D, and must include the LT cap gain as ordinary income, taxed at the higher rate. The gain item is from the sale of a property bought to rehab and sell, never rented or lived in.

Have I missed something?


Yes, you have. Tell us exactly what is leading you to the conclusion that you don't use Part IV to compute your tax.

Phil Marti
VITA Volunteer
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