Charu Khanna received a Form 1099-B showing the following stock transactions and basis during 2016: None of
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None of the stock is qualified small business stock. The stock basis was reported to the IRS. Calculate Charu's net capital gain or loss using Schedule D and Form 8949 on Pages 8-43 through 8-46.
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Date Purchasea 06/04/05 02/12/16 02/04/06 11/15/15 Sales Cost Stock 4,000 shares Green Co. 500 shares Gold Co. 5,000 shares Blue Co. 100 shares Orange Co. Date Sold Price ($) Basis ($ 08/05/16 09/05/16 10/08/16 07/12/16 12,000 4,000 62,000 18,000 22,000 19,000 3,000 18,000
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See Schedule D and Form 8949 below SCHEDULE D Form 1040 Department of the Treasury Internal Revenue Service 99 Names shown on return Capital Gains and Losses Attach to Form 1040 or Form 1040NR Informa...View the full answer
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Income Tax Fundamentals 2017
ISBN: 9781305872738
35th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
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