Dora and Tom Shaw (file jointly) collected the following investment information for the current year: Qualified dividends

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Dora and Tom Shaw (file jointly) collected the following investment information for the current year:
Qualified dividends on Cargill stock $4,000
Interest on City of Albuquerque bonds 250
Interest on US Treasury bonds 100
Interest on a loan to Flora’s brother 25
Interest on a loan, proceeds used to buy the Cargill stock 200
Loss on stock sold to Flora’s daughter, held 9 months 75
What is the Shaw's combined investment income for the income section of Form 1040

Would you show your steps I do not think that they can claim the loss of 75$. But I'm not sure how it breaks down after that.

Posted Date: Oct 21, 2021 11:03 PM

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Dora and Tom Shaw (file jointly) collected the following investment information for the current year: Qualified dividends

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Answer 4250 Working Qualified dividends on Cargill stock 4... View the full answer

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