Ch 5-66

Given the following information for Jane Cole, complete Schedule D of Form 1040 through Part III.

• Stock options, which she purchases on February 14 of the current year for $850, expire on October 1.

• On July 1, she sells for $1,500 her personal-use automobile acquired on March 31, 1990, for $8,000.

• On August 16, she sells for $3,100 her stock of York Corporation purchased as an investment on February 16, for $1,600.

• On March 15, she sells for $5,600 an antique ring, a gift from her grandmother on January 10, 1988, when its FMV was $1,600. The ring was purchased by her grand- mother on April 2, 1979, for $1,800.

• She has a STCL carryover of $250 from last year.