Which tax form should you complete if you've bought or sold stocks?, Answer: Schedule DExplanation:

If you've bought or sold stocks, you should complete the Schedule D tax form. This form is used to report gains or losses from the sale of assets such as stocks, bonds, or real estate.

Schedule D is a form that is filed with your individual tax return (Form 1040) when you have capital gains or losses from your investments. When you sell stocks, the difference between the sale price and the purchase price is considered a capital gain or loss.

When completing Schedule D, you will need to provide details of each stock transaction, including the date of purchase, date of sale, purchase price, sale price, and any applicable commissions or fees. The form also allows you to report any adjustments to the sale price, such as capital gain distributions or return of capital.

It is important to accurately report your stock transactions on Schedule D to ensure compliance with IRS regulations and to calculate your tax liability correctly. Failure to report capital gains or losses from stock sales could result in penalties or interest charges from the IRS.

Remember to keep thorough records of all your stock transactions, including purchase confirmations, sale confirmations, and any reinvested dividends. This documentation will help you accurately complete Schedule D and support your tax reporting in case of an IRS audit.