2018 TAX RETURN QUESTION:

Please answer how these activities will be recorded on a 2018 federal tax return for a married couple.

1. The Johnsons sold an antique collectible vase for $6,000 on 8/20/2018. They originally purchased the vase on 5/3/2011 for $3,000.

2. The Johnsons had the following activity in their brokerage account during the year (all transactions were reported on a Form 1099-B). Basis information on each stock sale was reported to the IRS:

o Sold 150 shares of SNAP stock for $7.20 per share on 11/1/2018

o Sold 85 shares of Hanes stock for $16.22 per share on 11/1/2018

o Sold 120 shares of AbbVie stock for $80.21 per share on 11/1/2018

o Sold 75 shares of Proctor & Gamble stock for $89.59 on 7/1/2018

o Sold 100 shares of Wayfair stock for $96.16 per share on 7/1/2018

3. Relevant tax basis / holding period information related to the sales of stock during the year:

o Purchased 150 shares of SNAP stock on 3/14/2018 for $17.85 per share

o Purchased 200 shares of Hanes stock on 1/24/2011 for $4.96 per share

o Purchased 350 shares of AbbVie stock on 1/2/2013 for $28.32 per share

o Purchased 75 shares of Proctor & Gamble stock on 9/18/2009 for $57.32 per share

o Purchased 100 shares of Wayfair stock on 10/10/2014 for $25.87 per share

Thank you!