Charu Khanna received a Form 1099-B showing the following stock transactions and basis during 2018: None of
Question:
Charu Khanna received a Form 1099-B showing the following stock transactions and basis during 2018:
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 4-49 through 4-52.
Transcribed Image Text:
Cost Basis ($) 3,000 62,000 22,000 Sales Price ($) Date Date Sold 08/05/18 09/05/18 10/08/18 Stock 4,000 shares Green Co. 500 shares Gold Co. 5,000 shares Blue Co. 100 shares Orange Co. Purchased 06/04/07 02/12/18 02/04/08 12,000 54,000 18,000 07/12/18 19,000 18,000 11/15/17
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SCHEDULE D Form 1040 Department of the Treasury Internal Revenue Service 99 Names shown on return Capital Gains and Losses Go to Attach to Form 1040 or Form 1040NR wwwirsgovScheduled for instructions ...View the full answer
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Related Book For
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
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