Complete a tax return for Stewart L. Benjamin. Stewart is unmarried, has no dependents, and works as a retail manager; his W-2 is below. Using the1099s and the transaction description which follow, make the appropriate entries to Stewarts Form 8949 and Schedule D before reporting the results on Form 1040.

Stewart inherited some land from his mother when she died in 2003. The land was originally purchased by Stewarts grandfather in 1944 for $2,500. The FMV of the land at the time Stewarts mother died was $42,000. Stewart sold the land on March 25, 2022 for $55,000. He spent $200 for an appraisal and $575 for advertising to facilitate the sale. Stewarts date of birth is April 27, 1962.

 

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SOLUTION W2 Stewart L Benjamin unmarried no dependents retail manager W2 wages 50000 1099s 1099B Pro... View the full answer