Question: Need Assitance with which form to use to enter interest income & qualified dividends.. *FOR TAX RETURN PURPOSES. Interest income from First Bank of New
Need Assitance with which form to use to enter interest income & qualified dividends.. *FOR TAX RETURN PURPOSES.
Interest income from First Bank of New Jersey $320
Interest income from Patterson, New Jersey School District $200
Interest income from U.S. Treasury Bond $350
Interest income from General Mills corporate bond $400
Qualified dividend income from Rio Tinto $1,500
Qualified dividend income from Microsoft $750
Qualified dividend income from Cooper Tire $200
Qualified dividend income from Cardinal Health $425
Qualified dividend income from Union Pacific $140
Qualified dividend income from Procter & Gamble $190
Qualified dividend income from PepsiCo $225
Qualified dividend income from Kellogg $200
Qualified dividend income from Abbott Labs $275
Qualified dividend income from 3M $350
Dividend income (not qualified) from China Fund $2,000
ALSO NEED HELP WITH ENTERING INFORMATION FROM FROM 1099-B ON A TAX RETURN PAPERWORK
were reported on a Form 1099-B. Basis information on each stock sale was reported to the IRS):
Sold 2,000 shares of Microsoft 7/1/14 $22,500
Sold 75 shares of Apple, Inc. 4/15/14 $28,750
Sold 350 shares of Cooper Tire 10/14/14 $14,700
Sold 1,000 shares of Cardinal Health 9/3/14 $35,000
Sold 50 shares of Union Pacific 1/7/14 $2,750
Purchased 100 shares of Procter & Gamble 7/10/14 $7,700
Purchased 350 shares of Cooper Tire 11/1/14 $14,000
Purchased 350 shares of PepsiCo 5/14/14 $32,000
Purchased 300 shares of Kellogg 10/14/14 $21,000
Relevant tax basis/holding period information related to sales of securities in the current year:
Purchased 2,000 shares of Microsoft on 5/1/14 for $21,000
Purchased 200 shares of Apple, Inc. on 3/8/2012 for $90,000
Purchased 300 shares of Cooper Tire on 1/12/2011 for $9,000
Purchased 50 shares of Cooper Tire on 6/28/14 for $2,000
Received 1,000 shares of Cardinal Health from Dianas father as a gift on 10/10/98. Her fathers basis in the stock at the time of the gift was $7,000. Fair market value of the stock at the date of the gift was $41,000
Purchased 100 shares of Union Pacific on 9/5/13 for $6,000
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