Question: Given the following information for Jane Cole, complete the Form 8949 and Schedule D of Form 040 through Part II. Consider whether each item is
Given the following information for Jane Cole, complete the Form 8949 and Schedule D of Form 040 through Part II. Consider whether each item is a capital transaction. 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, 1999, 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 Januaryl 1994, when its FMV was $1,600. The ring was purchased by her grandmother on April 2, 1979 for $1,800. She has a Short Term Capital Loss (STCL) carryover of $250 from last year For the Schedule D, assume all short term losses have Box B checked and long term losses have Box E checked
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